SGX M42F Thermal Coal - Daily Update 18 May 2020
Tuesday, May 19 2020 - 05:27 PM WIB
May month-to date:
Futures volume at 117kt, Open interest at 207kt
Total volume since January 2020: 1,111kt
Physical
Indonesian material continued to price higher, following on from gains seen last week. For low-rank, offers for June loading geared vessels were reported at $28.00-28.50/t FOB, basis 3,800 kc NAR. A deal was reported today for a June loading Panamax done at around $29.00/t FOB, basis 4,200 kc GAR, for June loading. A bid for a July loading geared vessel was reported at $27.00/t FOB, basis 3,800 kc NAR, with an offer at $30.00/t FOB, same basis. A deal for a July loading geared vessel was heard from late last week, done at $27.50/t FOB, basis 3,800 kc NAR.
Paper
For M42, listed on SGX, May was heard bid at $25.40 and offered at $26.25. June was bid at $28.30 and offered at $29.00, while July was bid at $28.10 and offered at $29.20. Further out, Q3-20 was bid at $28.00 and offered at $29.00, while Q4-20 was bid at $28.00 and offered at $29.10.
Source: IHS McCloskey