SGX M42F Thermal Coal - Daily Update 20 April 2021
Wednesday, April 21 2021 - 08:10 PM WIB
65kt traded in the Tuesday T session
NLT
May-21 traded 5kt @ $50.30
May-21 traded 50kt @ $50.25
May-21 traded 5kt @ $50.15
May-21 traded 5kt @ $50.00
Swaps
NIL
April month-to date:
Futures Volume at 531kt, Open Interest at 772kt
Swaps Volume at 0kt, Open Interest at 40kt
Total volume since January 2021: 3,442kt
Physical
Low-rank and sub-bituminous cargoes are trading higher. For low-rank, a deal was heard done at $50.00/t FOB, basis 3,800 kc NAR, for a June loading geared vessel. A bid was also heard at $48.25/t FOB, basis 3,800 kc NAR, for a geared vessel loading in June. On an index linked basis, an offer was reported at plus $1.50/t for a June loading geared vessel of 3,800 kc NAR, material.
Paper
M42 traded at $50.00, $50.15, $50.25 and 50.30 for May, around the same level where it last traded yesterday at $50.25. During the day, M42 was bid at $47.30 for April and offered at $48.75, while May was bid at $50.20 and offered at $50.30. June was bid at $48.50 and offered at $48.75, with July bid at $46.50 and offered $47.50. For Q3-21, a bid was reported at $43.50. A spread for April vs May was bid at minus $3.00 and offered at minus $1.35. Further out, May vs June was bid at plus $1.35 and offered at plus $2.00. June vs July bid at plus $0.75 and offered at plus $2.00.
Source: IHS Markit