SGX M42F Thermal Coal - Daily Update 30 November 2020
Tuesday, December 1 2020 - 06:37 PM WIB
10kt traded in the Monday T session
Dec-20 traded 10kt @ $33
November month-to date:
Futures Volume 249kt, Open interest at 372kt
Total volume since January 2020: 3,679kt
Physical
Chinese buying interest continues to support Indonesian prices, with demand still strong from generating companies for winter supplies. For low-rank, geared vessels loading in January were heard bid at $32.00/t FOB, basis 3,800 kc NAR, with offers at $33.50-34.00/t FOB. A market for a geared vessel loading in February was heard bid at $32.50/t FOB, basis 3,800 kc NAR, and offered at $34.00/t FOB, same basis. On an index-linked basis, geared cargoes were heard bid at M42 minus $0.70 against an offer at plus $0.45, for 3,800 kc NAR material loading in January. For Q1-21, a bid was heard at M42 minus $0.60 against an offer at plus $0.25.
Paper
Prompt paper prices were mixed in Asian trading yesterday, with December API4 down, but Newcastle and M42 both firming. M42 traded at $33.00 for December, which is down on the last deal on Friday at $32.75.
Source: IHS Markit