SGX M42F Thermal Coal - Daily Update 19 November 2020
Friday, November 20 2020 - 08:31 PM WIB
39kt traded in the Thursday T session
Dec-20 traded 15kt @ $31.70
Dec-20 traded 5kt @ $31.70 (Dec-20/Jan-21 spread @ $0.10)
Jan-21 traded 5kt @ $31.80 (Dec-20/Jan-21 spread @ $0.10)
Dec-20 traded 9kt @ $31.45
Dec-20 traded 5kt @ $30.95
November month-to date:
Futures Volume 214kt, Open interest at 545kt
Total volume since January 2020: 3,644kt
Physical
Chinese buying, stimulated by multiple power generator tenders, led to a rally in low-rank prices, which had been drifting earlier in the week. An offer was reported at $30.00/t FOB, basis 4,200 kc GAR, for a November loading geared vessel. Meanwhile bids had reached $30.00/t FOB, basis 3.800 kc NAR, for December loading geared vessels, although offers were retreating anticipating further upwards movement.
Paper
M42 paper traded at $30.95-31.70 for December, up from the previous day's traded level of $30.55, and January traded at $31.80. Through the day, M42 was bid at $29.15 for November and offered at $30.20, while December was bid at $31.00 and offered at $31.70. January was bid at $30.80 and offered at $31.80.
Source: IHS Markit