SGX M42F Thermal Coal - Daily Update 17 October 2019
Friday, October 18 2019 - 04:52 PM WIB
5kt traded in Thursday T Session
• Nov-19 traded 5kt @ $35
October month-to date:
Futures volume at 35kt, Open interest at 158kt
Total volume since January 2019: 877kt
Physical
Indonesian prices continued to firm, with support observed through low-rank to sub-bituminous grades. For low-rank, deals were reported at $34.00/t FOB, basis 3,800 kc NAR, with one loading in October and another loading in November. Another deal was reported at $34.50/t FOB, basis 3,800 kc NAR, for a November loading geared vessel. A bid was reported at $34.00/t FOB, basis 3,800 kc NAR, for a November loading geared vessel. On an index-linked basis, 3,800 kc NAR material was understood to have been sold at an average of M42/ICI4 plus $0.75/t for October and November loading Panamaxes.
Paper
M42, listed on SGX, traded at $35.00 for November, up $1.00 on where it last traded on Tuesday at $34.00. October was bid at $33.25 for October and offered at $34.25, with November bid at $34.00 and offered at $35.00. Further out Q1-20 was bid at $34.25 and offered at $35.25.
Source: IHS McCloskey .