SGX M42F Thermal Coal - Daily Update 16 January 2020
Friday, January 17 2020 - 06:33 PM WIB
January month-to date:
Futures volume at 15kt, Open interest at 301kt
Total volume since January 2020: 15kt
Physical
Low-rank material was said to be bid at $34.50/t FOB, basis 3,800 kc NAR, for a February loading geared vessel. Another Panamax was understood to have been sold at $36.00t/ FOB, basis 4,200 kc NAR, for February loading, the same price as a deal reported earlier in the week, although this could not be confirmed at the time of writing. On an index-linked basis, a deal was reported done flat to the average of the M42/ICI4 indices, for a geared vessel loading in February.
Paper
Prompt M42 paper, listed on SGX, was bid for February at $34.25 and offered at $35.50. Further out Q2-20 was bid at $34.25 and offered at $35.50.
Source: IHS McCloskey.