SGX M42F Thermal Coal - Daily Update 22 March 2021
Tuesday, March 23 2021 - 06:13 PM WIB
47kt traded in the Monday T session
NLT
May-21 traded 45kt @ $40.75
May-21 traded 2kt @ $40.70
Swaps
NIL
March month-to date:
Futures Volume at 587kt, Open Interest at 903kt
Swaps Volume at 0kt, Open Interest at 50kt
Total volume since January 2021: 2,709kt
Physical
Not much was heard offered for low-rank. A geared vessel loading in April was heard offered at $39.75/t FOB, basis 3,800 kc NAR, with May loading geared vessels said to be over $40.00/t FOB, basis 3,800 kc NAR.
Paper
M42 traded at $40.75 for May in the morning session, this was up on where it last traded on Friday at $39.85. Later on, it traded again for May at $40.70-40.75. During the day, March was heard bid at $37.20 and offered at $37.90, while April was bid at $38.50 and offered at $40.85. May was bid at $40.00 and offered at $41.00, and June was heard bid at $40.25 and offered at $41.30. Further out, Q2-21 was bid at $39.30. A spread for April vs May was heard offered at M42 minus $0.15, while May vs June was offered at plus $1.50.
Source: IHS Markit