SGX M42F Thermal Coal - Daily Update 26 October 2020
Tuesday, October 27 2020 - 06:26 PM WIB
15kt traded in the Monday T session
Nov-20 traded 15kt @ $29.55
October month-to date:
Futures Volume at a record 578kt, record daily Open interest at 605kt
Total volume since January 2020: 3,301kt
Physical
Market activity for Indonesian material was subdued, with producers reporting limited spot availability as heavy rains slow production in mining regions. For low-rank, an offer was reported at $29.50/t FOB, basis 3,800 kc NAR, for a November loading geared vessel. Buying interest was said to be around $29.00/t FOB, basis 3,800 kc NAR, for November loading geared vessels, although little firm was reported. A Panamax was also heard offered at $31.50/t FOB, basis 3,800 kc NAR, for November loading.
Paper
M42 traded via SGX for November at $29.55, which is the same level it traded at on Friday. Later in the day, October was bid at $28.00 and offered at $28.50, with November bid at $29.40 and offered at $29.75, while December was bid at $30.35 and offered at $30.75. Further out, January was bid at $30.45 and offered at $31.80, and Q1-21 bid at $30.85 and offered at $32.00.
Source: IHS Markit