SGX M42F Thermal Coal - Daily Update 21 September 2020

17kt traded in Monday T session

• Oct-20 traded 5kt @ $25.40

• Oct-20 traded 5kt @ $25.40 (Oct-20/Dec-20 spread @ $2.35)

• Dec-20 traded 5kt @ $27.75 (Oct-20/Dec-20 spread @ $2.35)

• Nov-20 traded 2kt @ $26.40

 

September month-to date:

Futures volume at 253kt, Open interest at a record 562kt

 

Total volume since January 2020: 2,632kt

 

Physical

Despite prices firming towards the end of last week, market activity was light on the first day of the week for Indonesian material. For low-rank, deals were heard late last week moving above $23.00/t FOB, basis 3,800 kc NAR, for October loading geared vessels, although few new bids and offers were heard. A fairly wide market was reported for a December loading geared vessel, bid at $23.75/t FOB, basis 3,800 kc NAR, against an offer at $28.75/t FOB, same basis.

 

Paper

M42 traded via SGX at $25.40 for October, up on the last traded level of $24.70 on Friday. November traded at $26.40, up from its last traded level of $26.15, while December traded at $27.75. Earlier in the day, September was bid at $22.80 against an offer at $23.30, while October was bid at $24.80 and offered at $28.40. Further out, November was bid at $25.80 and offered at $26.60, with December bid at $26.65 and offered at $27.75.

Source: IHS Markit.