SGX M42F Thermal Coal - Daily Update 5 December 2019
Friday, December 6 2019 - 10:46 PM WIB
December month-to date:
Open interest at 80kt
Total volume since January 2019: 1,114kt
Physical
Low-rank activity has dominated reported business so for this week. Geared vessels loading in December were understood to have been trading in the range of $33.30-34.50/t FOB, basis 3,800 kc NAR, depending on mine. A cross December/January laycan shipment was also reported done at $34.10/t FOB, basis 3,800 kc NAR, in a geared vessel. A February loading Supramax was bid at $34.05/t FOB, basis 3,800 kc NAR, and offered at $34.85/t FOB, same basis. On an index-linked basis, an offer for a January loading geared vessel was reported at flat to the average of the M42/ICI4 indices.
Paper
M42 paper, listed on SGX, was generally firming. A bid was reported at $34.05 for December against an offer at $34.55. January was bid at $34.05 and offered at $34.50, while February was bid at $34.00 and offered at $34.75.
Source: IHS McCloskey