SGX M42F Thermal Coal - Daily Update 17 December 2019

15kt traded in Tuesday T Session

• Jan-20 traded 5kt @ $33.95

• Jan-20 traded 5kt @ $34.15

• Feb-20 traded 5kt @ $33.95

 

December month-to date:

Futures volume at 215kt, Open interest at a RECORD 290kt

 

Total volume since January 2019: 1,329kt

 

Physical

Asia's thermal markets appeared to be relatively slow and stable today, with prices discussed at similar levels to those seen since end of last week. For low-rank, a bid was reported at $35.00/t FOB, basis 3,800 kc NAR, for a January loading gearless vessel, while an offer was heard at $34.50/t FOB, same basis, for a January loading Supramax. For a lower c.v. shipment, an offer was reported at $28.25/t FOB, basis 3,400 kc NAR, for a December loading geared vessel with the offer against at $27.00-27.50/t FOB, same basis.

 

Paper

M42 paper, listed on SGX, traded for January and February at $33.95, which is down on where both months traded last week, at $34.20. After the deals, January was bid at $33.90 and offered at $34.30, with February bid at $33.65 and offered at $34.10. Later on in the session, January traded again at $34.15. Just under 0.5 mt of M42 paper has traded in Q4-19 so far.

Source: IHS McCloskey.