SGX M42F Thermal Coal - Daily Update 25 November 2019
Tuesday, November 26 2019 - 05:35 PM WIB
10kt traded in Monday T Session
• Dec-19 traded 10kt @ $34
November month-to date:
Futures volume at 165kt, Open interest at 145kt
Total volume since January 2019: 1,114kt
Physical
Concerns of further price declines eased in the second half of last week, and bidding levels having generally been maintained at the start of this week. For low-rank, bids were heard at around $33.00/t FOB basis 3,800 kc NAR, for December loading geared vessels, against offers at $33.50-34.00/t FOB, same basis. A Panamax, also loading in December, was heard offered at $34.75/t FOB, basis 3,800 kc NAR.
Paper
M42 paper traded on SGX at $34.00 for 10,000 t for December. Earlier, December was bid at $33.30 and offered at $34.10, while January was bid at $33.35 and offered at $34.00. Further out, February was bid at $33.55 and offered at $34.00 while Q1-2020 was bid at $33.55.
Source: IHS McCloskey