SGX M42F Thermal Coal - Daily Update 27 July 2020

20kt traded in Monday T Session 

• Aug-20 traded 10kt @ $25.40

• Sep-20 traded 10kt @ $26.15

July month-to date:

Futures volume at 289kt, Open interest at 407kt

 

Total volume since January 2020: 2,024kt

 

Physical

An offer for Indonesian low-rank was reported from China at $26.00/t FOB, basis 3,800 kc NAR, for an August loading Panamax. For geared vessels, an offer was heard at $25.50/t FOB, basis 3,800 kc NAR, also for August loading. For September loading, a geared vessel was heard bid at $24.85/t FOB, basis 3,800 kc NAR, against an offer at $26.40/t FOB, same basis. For October loading, a bid was reported at $25.50/t FOB, basis 3,800 kc NAR, along with an offer at $27.25/t FOB, same basis 3,800 kc NAR, for a geared vessel. On an index-linked basis an offer was heard at M42 minus $0.05/t for a September loading geared vessel of 3,800 kc NAR material.

 

Paper

M42 traded via SGX today for August at $25.40, which was down on last week's last trade level of $25.55, and for September at $26.15, also down on the previous week's last transaction level, at $26.35. Later in the day, August was bid at $25.30 and offered at $25.75, with September bid at $26.05 and offered at $26.50, while October was bid at $26.75 and offered at $27.25. Further out, Q4-20 was bid at $27.75 and offered at $28.25, with Q1-21 bid at $28.75 and offered at $31.25.

 

Source: IHS Markit.