SGX M42F Thermal Coal - Daily Update 13 May 2020
Thursday, May 14 2020 - 05:35 PM WIB
May month-to date:
Futures volume at 52kt, Open interest at 164kt
Total volume since January 2020: 1,046kt
Physical
Spot buying interest in the Asian thermal market has jumped in the past couple of days, especially for Indonesian material, as China returned to the market amid some near-term supply concerns. Deals for low-rank shipments were heard at 25.50/t FOB, $25.75/t FOB and $26.00/t FOB, all basis 4,200 kc GAR, for geared vessels loading in June. Bids were heard ranging from $24.00-26.00/t FOB, basis 3,800 kc NAR, for June loading geared shipments, with offers back at $27.00/t FOB, same basis.
Paper
M42, listed on SGX, was bid at $25.00 for May. June was bid at $26.00 and offered at $27.90, while July was bid at $26.85 and offered at $28.10. Further out, Q3-20 was bid at $27.00 and offered at $29.00, while Q4-20 was bid at $27.50 and offered at $30.20.
Source: IHS McCloskey