SGX M42F Thermal Coal - Daily Update 15 March 2021

45kt traded in the Monday T session

NLT

    Apr-21 traded 35kt @ $37.35

    Apr-21 traded 10kt @ $37.20

Swaps

    NIL

March month-to date:

Futures Volume at 325kt, Open Interest at 731kt

Swaps Volume at 0kt, Open Interest at 50kt

Total volume since January 2021: 2,447kt

 

Physical

Heavy rain in parts of South Kalimantan has delayed loading activity, multiple miners in that region said. It is understood that some producers are unable to offer cargoes considering the slowdown in mining and trans-shipment operations. For low-rank, offers were reported at $37.00-38.00/t FOB, basis 3,800 NAR, for a geared vessel loading in April. A bid was also reported at $36.50/t FOB, basis 3,800 kc NAR, for an April loading geared vessel.

 

Paper

M42 traded for April at $37.20 for 10,000 t, which was down slightly from $37.25, the last trade of the previous week. Its traded later, however, at $37.35 for 35,000 t. March was last heard bid at $37.65 and offered at $38.00, while April was bid at $37.25 and offered at $37.50. May was bid at $37.00 and offered at $37.25. Further out, Q2-21 was bid at $36.35. A spread for March vs April was heard bid at $0.40, while April vs May was offered at plus $0.50, while a bid for Q2-21 vs Q3-21 was bid at flat to M42 ($0.00).

 

Source: IHS Markit