SGX M42F Thermal Coal - Daily Update 4 November 2020
Thursday, November 5 2020 - 08:53 PM WIB
5kt traded in the Wednesday T session
• Dec-20 traded 5kt @ $29.50
November month-to date:
Futures Volume 89kt, Open interest at 422kt
Total volume since January 2020: 3,519kt
Physical
Indonesian spot market activity remains thin on the ground, with heavy rains said to be impacting some mining regions. For low-rank, an offer was reported at $29.00/t FOB, basis 3,800 kc NAR, for a later November loading geared vessel. A market for a December loading geared vessel was reported bid at $27.25/t FOB, basis 3,800 kc NAR, against an offer at $30.25/t FOB, same basis. Elsewhere, bids were said to be higher at $28.50-29.00/t FOB, basis 3,800 kc NAR, for December loading geared vessels, although Chinese traders were largely quiet.
Paper
M42 paper traded at $29.50 for December, down on the previous day's last deal done at $29.65. Later in the day, November was bid at $28.20 and offered at $28.90, while December was bid at $29.25 and offered at $29.75. Further out January was bid at $29.75 and offered at $30.75, while Q1-21 was bid at $30.00 and offered at $31.55.
Source: IHS Markit