SGX M42F Thermal Coal - Daily Update 12 December 2019
Friday, December 13 2019 - 06:02 PM WIB
December month-to date:
Futures volume at 140kt, Open interest at 220kt
Total volume since January 2019: 1,254kt
Physical
For Indonesian low-rank, deals were reported at $34.20/t FOB and $34.40/t FOB, basis 3,800 kc NAR, for December loading geared vessels, and $34.50/t FOB, basis 3,800 kc NAR, for a similar vessel loading in January. A bid was reported at $33.50/t FOB, basis 3,800 kc NAR, for January loading geared vessels, against offers heard at $35.00/t FOB, basis 3,800 kc NAR. A trade for a January loading Panamax was reported at $35.25/t FOB, basis 3,800 kc NAR, although the mine origin was not identified. A January loading Panamax was also being offered at $36.00/t FOB, basis 3,800 kc NAR.
Paper
M42 paper, listed on SGX, was bid at $34.00 for December and offered at $34.60. January was bid at $34.10 and offered at $34.50, and February was also bid at $34.10 and offered at $34.50, while March was bid at $33.90 and offered at $34.80. A bid for Q1 20 was reported at $34.00 and offered $34.60.
Source: IHS McCloskey.