SGX M42F Thermal Coal - Daily Update 24 October 2019
Friday, October 25 2019 - 04:49 PM WIB
October month-to date:
Futures volume at 72kt, Open interest at 192kt
Total volume since January 2019: 914kt
Physical
Offers remain strong for Indonesian material, although bids have been holding at similar levels to those seen at the end of last week and the beginning of this week. An offer was reported at $35.00/t FOB, basis 3,800 kc NAR, for a November loading geared vessel. For lower c.v., a deal was heard done at $28.00/t FOB, basis 3,500 kc NAR, for material with 1% max sulphur, loading in a geared vessel in November.
Paper
It was a slow day for prompt paper markets in Asian trading. M42, listed on SGX, was bid for November at $35.10 for October and offered at $35.60, with December bid at $34.40 and offered at $35.85. A spread for November vs December was bid at minus $0.25 and offered at plus $0.50.
Source: IHS McCloskey.