SGX M42F Thermal Coal - Daily Update 13 February 2020
Friday, February 14 2020 - 07:15 PM WIB
February month-to date:
Futures volume at 225kt, Open interest at 350kt
Total volume since January 2020: 337kt
Physical
For low-rank Indonesian, a March loading geared vessel was bid at $35.50/t FOB, basis 3,800 kc NAR, against an offer at $37.25/t FOB, also for March loading and the same vessel size. A March loading Panamax was reported offered at $37.85/t FOB, basis 3,800 kc NAR, with a bid against at $37.20/t FOB, same basis. A market for April was seen today with an offer at $36.50/t FOB, basis 3,800 kc NAR, for a geared vessel with a bid at $35.15/t FOB, same basis and vessel size.
Paper
M42 paper, listed on SGX, was bid for February at $36.05 and offered at $36.80. Further out, March was bid at $35.35 and offered at $36.00. April was bid at $35.10 and offered at $35.75.
Source: IHS McCloskey