SGX M42F Thermal Coal - Daily Update 19 March 2020
Friday, March 20 2020 - 07:58 PM WIB
30kt traded in Thursday T+1 Session
Apr-20 traded 30kt @ $32
March month-to date:
Futures volume at a RECORD 445kt, Open interest at 493kt
Total volume since January 2020: 897kt
Physical
Prices continue to weaken for some products across Asian thermal markets, although bids-offer spreads remain wide. For Indonesian low-rank, a deal was reported at $31.80/t FOB, basis 3,800 kc NAR, for an April loading geared vessel. A bid was reported at $30.50/t FOB, basis 3,800 kc NAR, for an April loading geared vessel. Offers were heard at $32.25/t FOB, basis 3,800 kc NAR, for an April loading geared vessel at $33.00/t FOB, same basis, for an April loading Panamax. For May loading cargoes, a bid for a geared vessel was heard at $30.25/t FOB, basis 3,800 kc NAR, against an offer at $33.50/t FOB, same basis.
Paper
Paper markets were relatively quiet today in Asian trading. M42, listed on SGX and ICE, traded for April at $32.00 for 30,000 t in the evening session. Earlier in the day, April was bid at $31.80 and offered at $32.30.
Source: IHS McCloskey