SGX M42F Thermal Coal - Daily Update 15 July 2020

76kt traded in Wednesday T Session 

• Aug-20 traded 5kt @ $26.50

• Aug-20 traded 50kt @ $26

• Sep-20 traded 5kt @ $27.25

• Sep-20 traded 5kt @ $27.25 (Sep-20/Oct-20 spread @ $0.90)

• Oct-20 traded 5kt @ $28.15 (Sep-20/Oct-20 spread @ $0.90)

• Q4-20 traded 6kt @ $28.40

 

July month-to date:

Futures volume at 183kt, Open interest at 348kt

 

Total volume since January 2020: 1,918kt

 

Indonesia

Physical transactions were few for Indonesian material, although bids have been rising, partially supported by some new Indian interest and also some belief that there may be more selling opportunities into China in September - although this appears to be speculative currently. Low-rank was bid at $23.75/t FOB, basis 3,800 kc NAR, for an August loading geared vessel. A bid for a geared vessel loading in September was heard at $24.25/t FOB, basis 3,800 kc NAR. However, an offer was also reported from China at $23.65/t FOB, basis 3,800 kc NAR, for a very early August loading geared vessel.

 

Paper

It was a relatively busy session for M42 with every period out until the end of the year transacting for a total of 76,000 t. August traded at $26.00-26.50, up on the previous day's $25.75 deal. September traded at $27.25, while October traded at 28.15. Further out, Q4-20 transacted at $28.40. Later in the day August was bid at $26.35 and offered at $26.85, while September was bid at $27.00 and offered at 27.50. Further out, Q4-20 was bid at $28.15 and offered at $28.45.

 

Source: IHS Markit