SGX M42F Thermal Coal - Daily Update 6 July 2020
Tuesday, July 7 2020 - 07:34 PM WIB
July month-to date:
Futures volume at 5kt, Open interest at 234kt
Total volume since January 2020: 1,740kt
Physical
Market activity is still slow in the Indonesian market. "Loading volumes in Samarinda have fallen significantly," explained a source at a stevedore company. Offers for low-rank material were heard at around $25.00/t FOB, basis 3,800 kc NAR, for late July loading geared vessels, although, this was understood to be below where buying interest was currently. Bids were reported at $23.00/t FOB, basis 3,800 kc NAR, for geared vessels loading in July, August and September, with an offer for August said to be at $26.75/t FOB, same basis.
Paper
M42, listed on SGX, was bid for July at $23.25 and offered at $24.40 following its last traded level of $24.25 late on Friday. August was bid at $24.40 and offered at $25.65, while September was bid at $24.55 and offered at $26.85. Q3-20 was bid at $24.45 and offered at $26.75, while Q4-20 was bid at $27.00 and offered at $28.00. Into next year, a bid for Q1-21 was heard at $27.50.
Source: IHS Markit