SGX M42F Thermal Coal - Daily Update 15 October 2019

5kt traded in Tuesday T Session

• Nov-19 traded 5kt @ $34

 

October month-to date:

Futures volume at 30kt, Open interest at 158kt

 

Total volume since January 2019: 872kt

 

Physical

For low-rank, a Panamax was understood to have traded at $35.00/t FOB, basis 4,200 kc NAR, for November loading. Earlier, Panamaxes were heard offered at $35.00-36.00/t FOB, basis 3,800 kc NAR, also for November loading.

For geared vessels, bids were still heard at $33.50/t FOB, basis 3,800 kc NAR, for November loading, against offers at $34.50/t FOB, same basis. Offers were also heard at $32.50/t FOB, basis 3,600 kc NAR, and $33.50/t FOB, basis 3,700 kc NAR, for October and November loading respectively, and in geared vessels. In addition, a bid was also reported at $33.70/t FOB, basis 4,000 kc GAR, for a November loading geared vessel.

 

Paper

M42, listed on SGX, traded at $34.00 for November, the same level as the month last traded. Following the deal, October was bid at $33.25 and offered at $34.10, while November was bid at $33.80 and offered at $34.30. A bid was reported at $33.30 for Q4-19, while Q1-20 was bid at $33.50 and offered at $35.00.

Source: IHS McCloskey .