SGX M42F Thermal Coal - Daily Update 12 September 2019

6kt traded in Thursday T Session

Q1-20 traded 6kt @ $34.75

 

September month-to date:

Futures volume at 27kt, open interest at 85kt

 

Total volume since April 2018: 1.20 million metric tonnes

 

Physical

Support continues for Indonesian markets, especially for low-rank material, although transaction information remains limited. There was talk of low-rank deals being concluded at around mid $32.00/t FOB levels, on a 4,200 kc GAR basis, although this could not be confirmed at the time of writing. Offers were reported at $32.75-33.25/t FOB, basis 3,800 kc NAR, against bids at $32.00-32.60/t FOB, same basis, for October loading geared vessels. An offer for an October loading Panamax was reported at $34.00/t FOB, same basis, against a bid at $33.50/t FOB, same basis.

 

Paper

M42 paper, listed on SGX, traded for Q1-20 at $34.75, taking open interest out to march 2020. Earlier in the Q1-20 was bid at $34.75 and offered at $35.25. October was bid $32.50 and offered at $32.85, while November was bid at $32.60 and offered at $33.50. (ends)