SGX M42F Thermal Coal - Daily Update 3 June 2020
Thursday, June 4 2020 - 05:13 PM WIB
20kt traded in Wednesday T Session
Jun-20 traded 20kt @ $27.25
June month-to date:
Futures volume at 91kt, Open interest at 337kt
Total volume since January 2020: 1,339kt
Physical
Various offers were heard for Indonesian material though few bid were reported in return, against a backdrop of subdued Chinese buying interest, several sources said. Low-rank coal was heard at $28.00-28.50/t FOB, basis 4,200 kc GAR, for June loading Supramaxes, and July loading geared vessels were heard offered in the range of $28.50-30.00/t FOB, same basis. A high sulphur cargo was offered at $57/t FOB, basis 6,500 kc GAR, but attracted no bids.
Paper
M42 traded via SGX for June at $27.25 for 12,000 t, down from the previous day's transacted level of $27.50. Later, June was bid at $27.25 and offered at $27.75, while July was bid at $26.75 and offered at $28.50. Further out, Q3-20 was offered at $29.00, with Q4-20 bid at $27.80 and offered at $29.15.
Source: IHS McCloskey