SGX M42F Thermal Coal - Daily Update 13 January 2021

35kt traded in the Wednesday T session

    Feb-21 traded 5kt @ $47.00

    Mar-21 traded 10kt @ $44.00

    Apr-21 traded 5kt @ $41.55

    Q2-21 traded 15kt @ $40.50

10kt traded in the Wednesday T+1 session

    Apr-21 traded 5kt @ $42.00

    Apr-21 traded 5kt @ $41.50

January month-to date:

Futures Volume at 387kt, Open interest at 710kt

Total volume since January 2021: 387kt

 

Physical

Prices continue to firm for Indonesian material, supported by Chinese buying. There was talk of a February loading geared vessel trading into China at over $47.00/t FOB, basis 3,800 kc NAR, although this could not be confirmed. Offers were reported at $48.00-49.00/t FOB, basis 3,800 kc NAR, for February loading geared vessels. Further out, a March loading geared vessel was heard bid at $42.50/t FOB, basis 3,800 NAR, and offered at $47.50/t FOB, same basis. A geared vessel loading in April was bid at $40.25

 

 

Paper

M42 traded at $47.00 for February, $44.00 for March and $41.50-42.00. The first Q2-21 deal was also concluded at $40.50. Through the day, M42 was heard bid for January at $46.00 and offered at $47.20, while February was bid at $45.00 and offered at $47.95. March was bid at $42.00 and offered at $45.50, with April bid at $38.60 and offered at $44.55. May was bid at $37.20 and offered at $43.90. A spread for February vs March was bid at M42 plus $2.00 and offered at plus $2.75 and March vs April was bid at plus $1.80 and offered at plus $2.20. A market for April vs May was bid at plus $0.65 an offered at plus $1.40.

 

 

Source: IHS Markit