SGX M42F Thermal Coal - Daily Update 16 December 2019
Tuesday, December 17 2019 - 08:55 PM WIB
December month-to date:
Futures volume at 200kt, Open interest at 280kt
Total volume since January 2019: 1,314kt
Physical
Prices were stable in the Asian thermal markets today, with participants quoting price levels in line with late last week. For low-rank, a geared vessel was understood to have transacted at $34.50/t FOB, basis 3,800 kc NAR, for December loading. Offers were reported at $34.50/t FOB or index-linked at flat to the average of M42/ICI4, basis 4,200 kc GAR, for a January loading geared vessel and at $35.25 /t FOB or the average of M42/ICI4 plus $0.75, basis 4,200 kc GAR, for a January loading Panamax.
Paper
Prompt paper prices were mixed today in Asian trading although Indonesian low-rank was softening marginally. M42 paper, listed on SGX, was bid at $33.95 for January and offered at $34.35. Meanwhile, February was bid at $34.00 and offered at $34.20.
Source: IHS McCloskey.