SGX M42F Thermal Coal - Daily Update 18 February 2021

10kt traded in the Wednesday T+1 session

NLT

    Mar-21 traded 10kt @ $38.90

Swaps

    NIL

32kt traded in the Thursday T session

NLT

    Mar-21 traded 5kt @ $40.25

    Apr-21 traded 5kt @ $39.50

    Apr-21 traded 20kt @ $39.25

    Apr-21 traded 2kt @ $39.00

Swaps

    NIL

February month-to date:

Futures Volume at 523kt, Open Interest at 929kt

Swaps Volume at 0kt, Open Interest at 30kt

Total volume since January 2021: 1,992kt

 

Physical

Interest in Indonesian cargoes picked up, with China's return, and some short covering taking place. A deal from earlier in the week was heard at around $39.00/t FOB, basis 3,800 kc NAR, for a March loading geared vessel. A bid was also heard at $39.00/t FOB, basis 3,800 kc NAR, for a geared vessel loading in March. More recently, a Panamax was said to have been purchased at $42.50/t FOB, basis 3,800 kc NAR, for March loading and heading to China. On an index-linked basis, a bid was reported at flat to M42 ($0.00/t) for an April loading geared vessel of 3,800 kc NAR material.

 

Paper

M42 traded at $39.00-39.50 for April, up on the previous day's transaction level for April at $39.00. March also transacted later in the day at $40.25, which was up on its last traded value of $38.90 night before. During the day, M42 was bid at $40.00 and offered at $41.00 for March, while April was bid at $38.50 and offered at around $39.75. A spread for March vs April was bid at M42 plus $0.75, while April vs May and May vs June were also heard at plus $1.50.

 

 

Source: IHS Markit