SGX M42F Thermal Coal - Daily Update 27 November 2019
Thursday, November 28 2019 - 07:03 PM WIB
November month-to date:
Futures volume at 165kt, Open interest at 145kt
Total volume since January 2019: 1,114kt
Physical
Sentiment in the Asian thermal markets appeared to be improving, with some major end users in China issuing tenders for January arrival cargos. For low-rank, a trade emerged yesterday, concluding at $33.35/t FOB, basis 4,200 kc GAR, with higher than typical sulphur, for a December gearless cargo loading from East Kalimantan. Offers were reported at $35.00-35.50/t FOB, basis 4,200 kc GAR, for December loading gearless vessels. A bid was heard at $33.50/t FOB, basis 3,800 kc NAR for a December loading geared vessel.
Paper
M42 paper, listed on SGX, was said to be stable on levels reported the day before, although the market was relatively quiet. A bid was reported at $33.00 for December.
Source: IHS McCloskey