SGX M42F Thermal Coal - Daily Update 14 October 2019

October month-to date:

Futures volume at 25kt, Open interest at 153kt

Total volume since January 2019: 867kt

 

Physical

Indonesian producers have raised their offer levels, following price increases last week. Bids for low-rank were understood to be hovering around $33.00-33.50/t FOB, basis 3,800 kc NAR, for November loading geared vessels. Offers, however, were reported at $34.50-35.00/t FOB, basis 3,800 kc NAR, for November loading geared vessels. A bid was reported today at $34.75/t FOB, basis $3,800 kc NAR, for a November loading Panamax.

 

Paper

M42, listed on SGX, was bid for October at $33.25 and offered at $33.70, while November was bid at $33.35 and offered at $34.10. A bid was reported at $33.30 for Q4-19 against an offer at $34.10, while Q1-20 was bid at $33.50 and offered at $35.00. (ends)