SGX M42F Thermal Coal - Daily Update 30 October 2019

10kt traded in Wednesday T Session

• Dec-19 traded 10kt @ $34.25

 

October month-to date:

Futures volume at 107kt, Open interest at 115kt

 

Total volume since January 2019: 949kt

 

Physical

Offer levels for low-rank were a little mixed, with some reported to still be at $36.00-36.50/t FOB, basis 3,800 kc NAR, for a November loading geared vessel, while elsewhere they were said to be at $35.25-35.50/t FOB. An offer for December loading geared vessels was also heard at $35.25/t FOB, basis 3,800 kc NAR, against a bid at $33.75/t FOB, same basis. A Panamax loading in December was understood to have traded at $36.25/t FOB, basis 3,800 kc NAR.

 

Paper

M42, listed on SGX, traded today for December at $34.25, done on where it last traded at $35.00 last week. Earlier, November was bid at $33.90 and offered at $34.80, while December was bid at $33.80 and offered at $34.80. Further out, Q1-20 was bid at $34.00 and offered at $35.00, while Q2-20 was bid at $34.00 and offered at $35.75.

Source: IHS McCloskey.