SGX M42F Thermal Coal - Daily Update 12 April 2021

5kt traded in the Monday T session

NLT

    Apr-21 traded 5kt @ $45.75

Swaps

    NIL

April month-to date:

Futures Volume at 255kt, Open Interest at 595kt

Swaps Volume at 0kt, Open Interest at 40kt

Total volume since January 2021: 3,166kt

 

Physical

Few bids and offers were reported today in Asia's thermal markets, with participants seemingly looking for signals of which way prices are heading. Chinese futures were firming once again, however, offering some hope that Chinese buyers would be returning to the market. Several Indonesian suppliers remarked that there were enquiries for low c.v. material. However, there was a lack of firm bids and indicative levels were unlikely to result in deals, a market source opined. For 4,200 GAR, value for index linked deals was said to be around index plus $1.00/t for May loading geared vessels.

 

Paper

M42 traded at $45.75 for April, down on Friday's last traded level of $46.00. Earlier in the day M42 was bid for April at $45.50 and offered at $45.75, while May was bid at $45.00 and offered at $48.50, with June bid at $44.25 and offered at $46.00. A spread for May vs June was bid at plus $0.25 and offered at plus $1.50.

 

Source: IHS Markit