SGX M42F Thermal Coal - Daily Update 11 March 2021
Friday, March 12 2021 - 06:53 PM WIB
5kt traded in the Thursday T session
NLT
• Apr-21 traded 5kt @ $37.25
Swaps
• NIL
March month-to date:
Futures Volume at 235kt, Open Interest at 676kt
Swaps Volume at 0kt, Open Interest at 50kt
Total volume since January 2021: 2,357kt
Physical
Market activity out of Indonesia was muted given the public holiday. However, Singapore-based market participants shared that there was interest in Indonesian material loading in April and May. An offer was heard at $39.00/t FOB, basis 3,800 kc NAR, for a late March loading geared vessel. A Panamax, also loading in March, was heard offered at $41.00/t FOB, basis 3,800 kc NAR, although bids were not forthcoming. For April loading, a geared vessel was heard offered at $39.00/t FOB, basis 3,800 kc NAR.
Paper
M42 traded again at $37.25 for April, the same level as its been transacting most of the week. March was last heard bid at $38.00 and offered at $38.25, while April was bid at $37.00 and offered at $37.75. May was bid at $37.00 and offered at $38.00. Further out, Q2-21 was bid at $36.50 and offered at $37.50.
Source: IHS Markit