SGX M42F Thermal Coal - Daily Update 3 December 2020
Friday, December 4 2020 - 07:33 PM WIB
5kt traded in the Wednesday T+1 session
Dec-20 traded 5kt @ $33.40
10kt traded in the Thursday T session
Jan-21 traded 10kt @ $34.45
December month-to date:
Futures Volume 65kt, Open interest at 397kt
Total volume since January 2020: 3,744kt
Physical
More deals emerged, many done earlier in the week into China. For low-rank, deals were heard at $33.00-34.00/t FOB, basis 3,800 kc NAR, for December loading geared vessels. A January loading geared vessel was also understood to have traded at $34.00/t FOB, basis 3,800 kc NAR, with a slightly lower c.v. done at $32.30/t FOB, basis 3,700 kc NAR, for the same month and vessel type. For February loading, a market was reported for a geared vessel, bid at $33.40/t FOB, basis 3,800 kc NAR, with an offer at $35.45/t FOB, same basis.
Paper
Prompt paper prices were firming in Asian trading. M42 traded at $34.45 for January, up from Tuesday's traded level of $34.00. Later in the day, December was bid at $33.30 and January was bid at $34.45. A market for Q1-21 was bid at $34.00 and offered at $34.90.
Source: IHS Markit