SGX M42F Thermal Coal - Daily Update 31 August 2020
Tuesday, September 1 2020 - 06:00 PM WIB
15kt traded in Monday T session:
Sep-20 traded 15kt @ $23.40
August month-to date:
Futures volume at 239kt, Open interest at 371kt
Total volume since January 2020: 2,379kt
Physical
Indonesian coal suppliers said trading activity was muted with demand from China still weak. Though there was a slight lift in enquiries from India, nothing was heard concluded.
Bidding interest was understood to be around $23.25/t FOB, basis 4,200 kc GAR, for a geared vessel loading in September into the Indian market. A bid from a buyer in China was heard at the end of last week at $22.00/t FOB, basis 3,800 kc NAR, for a specific geared vessel loading in end September to early October against an offer at $22.50/t FOB, same basis.
Paper
M42 was bid for September at $22.50/t and offered at $23.50/t, while October was bid at $23.35/t, Q4-20 was bid at $24.30/t and November was bid at $25.15/t and offered at $25.75/t.
Source: IHS Markit