SGX M42F Thermal Coal - Daily Update 9 April 2021
Monday, April 12 2021 - 07:20 PM WIB
30kt traded in the Thursday T+1 session
NLT
Jun-21 traded 30kt @ $42.75
Swaps
NIL
115kt traded in the Friday T session
NLT
Apr-21 traded 10kt @ $44.50
May-21 traded 10kt @ $46.00
Jun-21 traded 20kt @ $44.65
Jun-21 traded 20kt @ $43.75
Jun-21 traded 10kt @ $43.50
Jun-21 traded 15kt @ $43.00
Apr-21 traded 5kt @ $46.00 (Apr-21/May-21 spread @ $0.20)
May-21 traded 5kt @ $45.80 (Apr-21/May-21 spread @ $0.20)
May-21 traded 10kt @ $45.55 (May-21/Jun-21 spread @ $0.85)
Jun-21 traded 10kt @ $44.70 (May-21/Jun-21 spread @ $0.85)
Swaps
NIL
April month-to date:
Futures Volume at 250kt, Open Interest at 590kt
Swaps Volume at 0kt, Open Interest at 40kt
Total volume since January 2021: 3,161kt
Physical
Transactions were scarce amid still robust freight prices and a widening bid-offer gap. Market sources said that despite supply tightness, there have been offers for mid c.v. material from Central Kalimantan and South Sumatra this week. "Buyers are dealing with higher landed costs and this has resulted in a generally quiet week," a trading source from Jakarta said. Low c.v. coal traded at around $46.00/t FOB, basis 3,800 kc NAR, for a May loading geared vessel, while deals for June were heard settled at $43.50-45.25/t FOB, basis 3,800 kc NAR, for a June loading geared vessel. On a China-delivered basis, a May arrival Panamax traded at $59.50/t CFR, basis 3,800 kc NAR, easing on the week from $60.80/t CFR, same basis.
Paper
Asian paper trading was active over the week with deals going through for April-June M42 via SGX. June transacted at $42.65-44.65/t, versus $42.50-45.25/t last week. May traded at $43.50-46.00/t this week, compared with transacted prices a week ago at $43.75-45.50/t. Deals for M42 April settled at $44.25-44.50/t, easing on the week from $44.50-45.25/t.
Source: IHS Markit