SGX M42F Thermal Coal - Daily Update 28 November 2019
Friday, November 29 2019 - 06:03 PM WIB
November month-to date:
Futures volume at 165kt, Open interest at 145kt
Total volume since January 2019: 1,114kt
Physical
Bid-offer levels for Indonesian material appeared to firm, with sentiment across the Asian thermal markets generally improving, although news from Taiwan and South Korea was a cause for concern for some. For low-rank, a trade emerged at $34.00/t FOB, basis 3,800 kc NAR, for a December loading geared vessel. An offer was reported at $35.50/t FOB, basis 4,200 kc GAR, for an end December loading gearless vessel, while an indicative bid for a Panamax was heard at $35.00/t FOB, basis 3,800 kc NAR.
Paper
The M42 paper, listed on SGX, was bid at $33.75 and offered at $34.75 for December. Calendar 2020 was bid at $33.80 and offered at $34.80.
Source: IHS McCloskey