SGX M42F Thermal Coal - Daily Update 26 March 2021
Monday, March 29 2021 - 07:23 PM WIB
55kt traded in the Friday T session
NLT
Apr-21 traded 10kt @ $42.50
May-21 traded 15kt @ $42.75
May-21 traded 5kt @ $42.70
May-21 traded 5kt @ $42.65
May-21 traded 5kt @ $42.55
May-21 traded 10kt @ $42.30
May-21 traded 5kt @ $42.25
Swaps
NIL
5kt traded in the Friday T+1 session
NLT
May-21 traded 5kt @ $43.00
Swaps
NIL
March month-to date:
Futures Volume at 730kt, Open Interest at 44kt
Swaps Volume at 0kt, Open Interest at 40kt
Total volume since January 2021: 2,852kt
Physical
Prices for Indonesian material have firmed across the board over the week as demand increases and with near-term supply constrained by wet weather. Multiple market participants said that major miners had sold out of cargoes for April loading, amid reports of at least one miner declaring force majeure on shipments for the month due to flooding at the mines. Several producers said that heavy rain in the past 2-3 weeks has slowed production and hauling activity. Traded prices for low-rank material rose steadily throughout the week in a range of $37.25-42.00/t FOB, basis 4,200 kc GAR, for April loading geared vessels.
Paper
Asian paper trading remained active over the week, with M42 transacting via SGX through to June at generally higher levels week on week. A deal for March went through at $37.85/t, stable on the week from $37.50-37.90/t. Trades for April closed at $40-25-40.90/t, also up on the week from $37.20-37.75/t. May M42 traded at $40.75-42.75/t, rising sharply in the latter part of the week and compared with $37.50-39.25/t in the week prior. A deal for June concluded at $41.00/t.
Source: IHS Markit