SGX M42F Thermal Coal - Daily Update 29 March 2021

5kt traded in the Friday T+1 session

NLT

    May-21 traded 5kt @ $43.00

Swaps

    NIL

25kt traded in the Monday T session

NLT

    May-21 traded 15kt @ $43.75

    Jun-21 traded 5kt @ $43.00

    Jun-21 traded 5kt @ $42.50

Swaps

    NIL

March month-to date:

Futures Volume at 755kt, Open Interest at 465kt

Swaps Volume at 0kt, Open Interest at 40kt

Total volume since January 2021: 2,877kt

 

Physical

Prices were understood to be firming in Asian thermal markets, particularly for Indonesian material, with increased interest from China. Low sulphur material was heard to have traded on last Friday at $44.50/t FOB, basis 3,800 kc NAR, for an April loading Panamax. There was talk of deals concluded at higher levels, although these could not be confirmed at the time of writing. Offers were very limited for geared vessels, with one reported at $46.50/t FOB, basis 3800 kc NAR, for April loading.

 

Paper

May M42 traded in the morning session at $43.75 for May, up from where it last traded on Friday at $43.00. It later traded at the same level in the afternoon. June also traded today at $43.00 and then $42.50. During the day, April was bid at $37.00, while May was bid at $43.50 and offered $43.85, and June was heard bid at $41.80 and offered at $43.75. A spread for April vs May was heard bid at M42 minus $1.00 against an offer at M42 flat.

 

Source: IHS Markit