SGX M42F Thermal Coal - Daily Update 2 November 2020

80kt traded in the Monday T session

    Nov-20 traded 50kt @ $28.50

    Dec-20 traded 30kt @ $29.60

November month-to date:

Futures Volume 80kt, Open interest at 420kt

Total volume since January 2020: 3,510kt

 

Physical

Market activity out of Indonesia was limited, with the country returning from a national holiday in the second half of last week. For low-rank, a market for a geared vessel loading in December was reported bid at $28.00/t FOB, basis 3,800 kc NAR, against an offer at $30.50/t FOB, same basis. Deals were reported from Friday done at $28.00-28.25/t FOB, basis 3.800 kc NAR, for November loading geared vessels. A November loading geared vessel was heard bid at $27.75/t FOB, basis 4,200 kc GAR.

 

Paper

M42 traded at $28.50 for November, down from $28.80 on Friday, and $29.60 for December, which is down on $30.00 where it last traded at on Friday. Later in the day, November was offered at $29.00, December at $29.75. Further out, offers were reported at $31.50 for February and $32.00 for March. A spread for November vs December was reported bid at M42 minus $1.40 against an offer at minus $0.85.

 

 

Source: IHS Markit