SGX M42F Thermal Coal - Daily Update 1 April 2021

5kt traded in the Wednesday T+1 session

NLT

Jun-21 traded 5kt @ $45.00

Swaps

NIL

55kt traded in the Thursday T session

NLT

Apr-21 traded 5kt @ $45.50

May-21 traded 10kt @ $45.50

May-21 traded 5kt @ $45.25

May-21 traded 5kt @ $45.00

Jun-21 traded 20kt @ $45.25

Jun-21 traded 10kt @ $45.00

Swaps

NIL

April month-to date:

Futures Volume at 55kt, Open Interest at 500kt

Swaps Volume at 0kt, Open Interest at 40kt

Total volume since January 2021: 2,966kt

 

Physical

Increased demand for Indonesian material was evident with prices further supported week on week. Buyers from India and China were understood to be seeking spot material more actively. However, key Indonesian producers said that they were sold out for prompt cargoes and for most of May. May loading material transacted at $47.00/t FOB, basis 3,800 kc NAR, for a Panamax. Markets for June were bid at $42.50-43.00/t FOB, basis 3,800 kc NAR, against offers at $44.75-45.00/t FOB, same basis. Low sulphur material was offered at $50.00-50.50/t FOB, basis 4,200 kc GAR, also for June loading geared vessels.

 

Paper

Trading sentiment in the Asian swaps market was robust over the week with M42 transacting via SGX for June at $42.50-45.25/t, up sharply from $41.00/t, in the week prior. May deals settled at $43.75-45.50/t, also up on the week from $40.75-42.75/t. M42 for April traded at $44.50-45.25.t, spiking from $40-25-40.90/t last week.

 

 

Source: IHS Markit