SGX M42F Thermal Coal - Daily Update 13 November 2020

10kt traded in the Friday T session

    Nov-20 traded 5kt @ $29

    Dec-20 traded 5kt @ $30.05

November month-to date:

Futures Volume 214kt, Open interest at 491kt

Total volume since January 2020: 3,644kt

 

Physical

Modest growth in Indonesian prices was seen on the week although general buying sentiment remained weak with China and India still subdued. Deals for December were heard settled at $28.50-29.50/t, basis 3,800 kc NAR, and at $29.50-30.50/t FOB, basis 4,200 kc GAR, for geared and Panamax vessels respectively. This was higher than where trades were done for December loading geared vessels last week in a range of $28.00-29.50/t FOB, basis 3,800 kc NAR. Markets for January were bid at $28.75-29.50/t FOB, basis 3,800 kc NAR, against offers at $30.75-31.00/t FOB, same basis, for geared vessels. On an index-linked basis, a geared vessel was offered for Cal-21 at M42 flat, basis 3,800 kc NAR.

 

Paper

The futures market in Asia was supported by multiple transactions for M42 in December over the week, which went through at $29.80-30.05/t. This was up on traded levels for the same month a week back at $29.50-29.90/t. January M42 traded at $30.60/t.

 

Source: IHS Markit