SGX M42F Thermal Coal - Daily Update 6 February 2020
Friday, February 7 2020 - 08:06 PM WIB
February month-to date:
Futures volume at 130kt, Open interest at 260kt
Total volume since January 2020: 242kt
Physical
There was some talk of heavy rain in some mining regions in Kalimantan causing some disruption, although the impact was said to be limited. One request for a laycan to be pushed back, however, was heard. The traded level for low-rank was understood to be around $36.00/t FOB, basis 3,800 kc NAR, for March loading geared vessels. Offers were heard at $36.50-37.00/t FOB, basis 3,800 kc NAR, for a March loading geared vessel.
Paper
M42 paper, listed on SGX, was bid for February at $36.15 and offered at $36.75. Further out, March was bid at $35.50 and offered at $36.50, while April was bid at $35.25 and offered at $36.35.
Source: IHS McCloskey