SGX M42F Thermal Coal - Daily Update 12 August 2020
Thursday, August 13 2020 - 05:15 PM WIB
6kt traded in Wednesday T session
Q4-20 traded 6kt @ $26.25
August month-to date:
Futures volume at 65kt, Open interest at 366kt
Total volume since January 2020: 2,205kt
Physical
Indonesian market activity remains limited, with no major logistical or weather related disruptions reported. Market participants continue to bemoan a lack of buying interest across major consuming countries, which has led to wide bid-offer spreads. Low-rank was heard offered at $24.00/t FOB, basis 3,800 kc NAR, for late August, early September loading in a geared vessel. Bids were said to be around $23.00/t FOB, basis 3,800 kc NAR, although nothing firm was reported. For an October loading geared vessel, a bid was reported at $23.75/t FOB, basis 3,800 kc NAR, against an offer at $25.85/t FOB, same basis.
Paper
M42 traded on SGX for Q4-20 at $26.25, this was down on the last Q4-20 deal done last week at $27.60. Earlier in the day, August was bid at $24.15 and offered at $24.40, with September bid at $23.70 and offered at $24.80, while October was bid at $24.20 and offered at $25.95. Further out, Q4-20 was bid at $26.25 and offered at $27.00.
Source: IHS Markit