SGX Thermal Coal - Daily Update 19 May 2021

15kt traded in the Tuesday T+1 session

 

NLT

• Jun-21 traded 10kt @ $55.25

• Jul-21 traded 5kt @ $53.25

 

Swaps

• NIL

 

70kt traded in the Wednesday T session

 

NLT

• Jun-21 traded 5kt @ $56.50

• Jun-21 traded 5kt @ $56.25

• Jun-21 traded 25kt @ $56.00

• Jun-21 traded 5kt @ $55.75

• Jul-21 traded 15kt @ $54.00

• Jul-21 traded 5kt @ $53.75

• Jun-21 traded 5kt @ $56.25 (Jun-21/Jul-21 spread @ $2.00)

• Jul-21 traded 5kt @ $54.25 (Jun-21/Jul-21 spread @ $2.00)

 

Swaps

• NIL

 

35kt traded in the Wednesday T session

 

NLT

• Jun-21 traded 20kt @ $57.50

• Jun-21 traded 5kt @ $57.00

• Jul-21 traded 5kt @ $54.50 (Jul-21/Aug-21 spread @ $2.25)

• Aug-21 traded 5kt @ $52.25 (Jul-21/Aug-21 spread @ $2.25)

 

Swaps

• NIL

 

May month-to-date:

Futures Volume at 270kt, Open Interest at 757kt

Swaps Volume at 0kt, Open Interest at 0kt

 

Total volume since January 2021: 4,425kt

 

Physical

Flooding in parts of East and South Kalimantan continues to hamper production, keeping supply tight, particularly for low c.v. material. “It has been raining non-stop until morning. It’s too slippery for us to operate,” a source from low c.v. miner in South Kalimantan said. A low-rank deal was heard done at around $60.00/t FOB, basis 4,200 kc GAR, for a June loading Panamax, although this could not be confirmed at the time of writing. A bid was reported at $55.00/t FOB, basis 3,800 kc NAR, for a June loading Panamax. A geared vessel loading in June was reported bid at $52.00/t FOB, basis 3,800 kc NAR. A market for a July loading geared vessel was heard bid at $54.00/t FOB, basis 3,800 kc NAR, against an offer at $57.00/t FOB, same basis. On an index-linked basis, a bid was reported at M42 plus $1.00/t for a July loading geared vessel of 3,800 kc NAR material.

 

Paper

M42 traded for June at $55.75-57.50, up from where June last traded the previous day at $55.25. July also traded at $53.75-54.50, up on the last transaction level of $53.25. During the day, M42 was bid at $55.50 and offered at $56.40 for May, while June was bid at $56.00 and offered at $56.25. July was bid at $54.00 and offered at $54.25. Further out, Q4-21 was bid at $41.00. A spread for June vs July was bid at M42 plus $1.75 and offered $2.75, and July vs August was bid at plus $1.00 and offered at plus $2.25. August vs September was also bid at M42 plus $1.00 an offered at plus $2.00.

 

Source: IHS Markit