SGX M42F Thermal Coal - Daily Update 27 September 2019
Monday, September 30 2019 - 05:41 PM WIB
September month-to date:
Futures volume at 142kt, open interest at 118kt
Total volume since January 2019: 0.83 million metric tonnes
Physical
Enquiries from China for Indonesian coal improved over the week, sources said, further supporting prices. Low-rank material traded at $32.80-32.90/t FOB, basis 3,800 kc NAR, for October loading geared vessels, up from $32.50-32.75/t FOB, same basis. A deal was also heard concluded at $34.00/t FOB, basis 4,200 kc GAR, for an October loading Panamax of East Kalimantan material into China. On a geared basis, October loading Panamaxes were traded at $32.80-32.90/t FOB, basis 4,200 kc GAR. An index-linked deal was finalised at M42/ICI4 +$0.00/t, basis 4,200 kc GAR, for an October loading geared vessel.
Paper
Market activity improved further this week for M42 as traded via SGX this week at $32.85-33.25 for October, up from $32.70 last week. The Q4-19 contract traded at $33.25, while Q1-2020 traded at $34.85, easing from $34.90 the previous week. (ends)