SGX M42F Thermal Coal - Daily Update 20 October 2020
Wednesday, October 21 2020 - 09:34 PM WIB
47kt traded in Tuesday T session
Nov-20 traded 15kt @ $29.50
Dec-20 traded 5kt @ $30.70
Dec-20 traded 3kt @ $30.65
Dec-20 traded 10kt @ $30.60
Dec-20 traded 12kt @ $30.55
Dec-20 traded 2kt @ $30.50
October month-to date:
Futures volume at 313kt, Open interest at 523kt
Total volume since January 2020: 3,036kt
Physical
Some traders have said they were seeing fewer cargoes available than what was as noticeable a few weeks back. For low-rank material, November loading geared vessels were heard offered at $29.50-29.75/t FOB, basis 3,800 kc NAR, with buying interest said to be close to $29.00/t FOB, same basis. For December loading geared vessels, bids were said to be at $29.00-29.50/t FOB, basis 3,800 kc NAR, with offers at $31.50/t FOB, basis 3,800 kc NAR.
Paper
M42 traded via SGX for November at $29.50, down from Monday's traded level of $29.80. December also traded at $30.50-30.70, which was down on the previous day when it transacted at $31.00. The deals pushed total volume for M42 cleared via SGX to over 3,000 mt for the year to date, and is now 117% above last year's total of 1.4mt. Earlier in the day, M42 was bid for October at $28.15 and offered at $28.60, while November was bid at $29.10 and offered at $29.50. December was offered at $30.75.
Source: IHS Markit