SGX M42F Thermal Coal - Daily Update 28 September 2020
Tuesday, September 29 2020 - 05:59 PM WIB
10kt traded in Monday T session
Nov-20 traded 5kt @ $27.80
Nov-20 traded 5kt @ $27.65
September month-to date:
Futures volume at 314kt, Open interest at 412kt
Total volume since January 2020: 2,693kt
Physical
A low-rank market for a November loading geared vessel was reported bid at $24.25/t FOB, basis 3,800 kc NAR, against an offer at $28.00/t FOB, same basis. From China, an offer was reported at $27.00/t FOB, basis 3,800 kc NAR, for a late October, early November loading geared vessel, with bids said to be at $25.00-26.00/t FOB, same basis. On an index-linked basis, offers for Supramaxes of 3,800 kc NAR material were reported at M42 minus $0.10 for October and November, with Calendar 2021 offered at flat to the same index.
Paper
M42 traded via SGX at $27.65 and $27.80 for November, up on Friday's $27.50 traded level. Earlier in the day, October was bid at $26.00 and offered at $26.60, while November was bid at $27.55 and offered at $27.80. December was bid at $27.60 and offered at $29.00.
Source: IHS Markit