SGX M42F Thermal Coal - Daily Update 26 March 2020

25kt traded in Thursday T Session

    Apr-20 traded 25kt @ $31.75

 

March month-to date:

Futures volume at a RECORD 485kt, Open interest at a RECORD 553kt

Total volume since January 2020: 937kt

 

Physical

Bid-offer spreads remain wide for Indonesian cargoes. For low-rank, a deal was reported at $31.40/t FOB, basis 3,800 kc NAR, for a geared vessel loading in April. An offer was reported at $31.75/t FOB, basis 3,800 kc NAR, while a separate a bid was heard at $30.25/t FOB, same basis, both for geared vessels loading in April.

 

Paper

M42, listed on SGX, traded for April at $31.75 for 25,000 t, which was down on the last April deal done at $31.90 on Tuesday. Earlier in the day, March was bid at $32.20 and for April at $31.60. May was bid at $30.50 and offered at $32.30, while June was bid at $30.00. Further out, Q3-20 was bid at $31.30.

 

Source: IHS McCloskey