SGX M42F Thermal Coal - Daily Update 24 June 2020
Thursday, June 25 2020 - 10:06 PM WIB
June month-to date:
Futures volume at 487kt, Open interest at 377kt
Total volume since January 2020: 1,735kt
Physical
Trading activity in Indonesia remained generally muted although several suppliers said that there was some interest for prompt cargoes from China and India. However, producers say bidding levels are unattractive and not many offers were heard. High sulphur material was heard bid at $36.75/t FOB, basis 5,100 kc GAR, for around 70,000 t of July loading material. Trades were heard at $24.25-24.40/t FOB, basis 3,800 kc NAR, for July loading geared vessels. Elsewhere, bids were reported at $22.50-23.50/t FOB, basis 3,800 kc NAR, for July loading geared vessels. Deals for Panamaxes were reported at $25.00-25.50/t FOB, basis 4,200 kc GAR, for July loading.
Paper
M42, listed on SGX, was offered for June at $26.00, with July bid at $24.50 and offered at $25.75. Further out, Q3-20 was offered at $26.75, while Q4-20 was bid at $26.10 and offered at $28.00.
Source: IHS Markit