SGX M42F Thermal Coal - Daily Update 17 November 2020
Wednesday, November 18 2020 - 09:01 PM WIB
20kt traded in the Tuesday T session
Dec-20 traded 10kt @ $30.25
Dec-20 traded 10kt @ $30.20
November month-to date:
Futures Volume 234kt, Open interest at 511kt
Total volume since January 2020: 3,664kt
Physical
Traders said there were still a few November loading cargoes in the market, with one for a geared vessel heard offered at $28.00/t FOB, basis 3,800 kc NAR. A Panamax loading in late November, early December was said to have traded at around $29.50/t FOB, basis 3,800 kc NAR, although this could not be confirmed at the time of writing. Further out, a January loading geared vessel was heard bid at $29.50/t FOB, basis 3,800 kc NAR, against an offer at $31.00/t FOB, same basis.
Paper
M42 paper traded at $30.20-30.25 for December, up from $30.05 on Friday. Earlier in the day, M42 was bid at $29.00 for November and offered at $29.25, while December was bid at $29.80 and offered at $30.30. January was bid at $30.45 and offered at $31.20. Further out, a bid for Q1-21 was heard at $30.45 and offered at $31.20.
Source: IHS Markit