SGX M42F Thermal Coal - Daily Update 16 April 2021
Monday, April 19 2021 - 06:06 PM WIB
30kt traded in the Friday T session
NLT
May-21 traded 25kt @ $49.50
May-21 traded 5kt @ $49.25
Swaps
NIL
35kt traded in the Friday T+1 session
NLT
May-21 traded 35kt @ $49.50
Swaps
NIL
April month-to date:
Futures Volume at 427kt, Open Interest at 667kt
Swaps Volume at 0kt, Open Interest at 40kt
Total volume since January 2021: 3,338kt
Physical
Demand for Indonesian material remained firm with enquiries from China continuing to support spot prices this week. However, supply remained tight with key low c.v. miners in East and South Kalimantan understood to be struggling with production as they contend with heavy rain. "Chinese buyers are active and asking for quotes. Sellers are bullish," a Jakarta-based trader said, adding that there is expectation for prices to firm further in the near-term. Deals were reported at $47.50-48.50/t FOB, basis 3,800 kc NAR, for May and June loading geared vessels. The week before, similar grade material traded at $43.50-45.25/t FOB, basis 3,800 kc NAR, for June loading geared vessels.
Paper
Asian paper activity was buoyant with deals going through for M42 via SGX for April-June at higher levels week on week. June paper traded at $45.75-47.25/t, versus $42.65-44.65/t in the week prior, while swaps deals for May rose significantly on the week to $47.00-49.50/t, versus $43.50-46.00/t. M42 April transacted at $45.75/t, easing on the week from $44.25-44.50/t.
Source: IHS Markit