SGX M42F Thermal Coal - Daily Update 20 January 2021

165kt traded in the Wednesday T session

    Mar-21 traded 5kt @ $47.75

    Mar-21 traded 5kt @ $47.50

    Mar-21 traded 5kt @ $47.25

    Mar-21 traded 5kt @ $47.10

    Mar-21 traded 5kt @ $46.75

    Feb-21 traded 10kt @ $49.50 (Feb-21/Mar-21 spread @ $2.75)

    Mar-21 traded 10kt @ $46.75 (Feb-21/Mar-21 spread @ $2.75)

    Feb-21 traded 15kt @ $50.10 (Feb-21/Mar-21 spread @ $2.60)

    Mar-21 traded 15kt @ $47.50 (Feb-21/Mar-21 spread @ $2.60)

    Feb-21 traded 20kt @ $49.25 (Feb-21/Mar-21 spread @ $2.50)

    Mar-21 traded 20kt @ $46.75 (Feb-21/Mar-21 spread @ $2.50)

    Feb-21 traded 15kt @ $49.90 (Feb-21/Mar-21 spread @ $2.25)

    Mar-21 traded 15kt @ $47.65 (Feb-21/Mar-21 spread @ $2.25)

    Feb-21 traded 10kt @ $49.00 (Feb-21/Mar-21 spread @ $2.25)

    Mar-21 traded 10kt @ $46.75 (Feb-21/Mar-21 spread @ $2.25)

January month-to date:

Futures Volume at 939kt, Open interest at a record of 905kt

Total volume since January 2021: 939kt

 

Physical

Indonesian low-rank prices were holding at similar levels reported the previous day. Offers were reported at $40.00/t FOB, basis 3,350 kc NAR, for a geared vessel loading in February, while a Panamax loading in the same month was offered at $51.00/t FOB, basis 3,700 kc NAR. A bid was said to have been heard at $52.00/t FOB, basis 3,800 kc NAR, for a prompt loading geared vessel, although traders were saying it was all but impossible to find cargoes.

 

Paper

M42 traded increasingly lower in the range of $46.75-47.75 for March, down from where it last traded in the previous day at $48.50. February was also trading lower at $49.00-50.10 down from $52.00 the day before. Through the day, M42 was heard bid for February at $49.00 and offered at $51.70, while March was bid at $46.50 and offered at $47.75. A spread for February vs March was bid at M42 plus $2.50 and offered at plus $3.00 and March vs April was bid at plus $2.40 and offered at plus $3.00.

 

 

Source: IHS Markit