SGX M42F Thermal Coal - Daily Update 18 January 2021

37kt traded in the Monday T session

• Feb-21 traded 12kt @ $50.25

• Mar-21 traded 10kt @ $48.75

• Mar-21 traded 15kt @ $47.00

 

10kt traded in the Monday T+1 session

• Feb-21 traded 5kt @ $51.00

• Mar-21 traded 5kt @ $48.50

 

January month-to date:

Futures Volume at 694kt, Open interest at 823kt

 

Total volume since January 2021: 694kt

 

Physical

Supply remained tight for Indonesian shipments, with heavy still rains impacting production and slowing logistics. For low-rank, an offer was also reported at $48.00/t FOB, basis 3,800 kc NAR, for a geared vessel loading in March. A bid was reported later in the day at $47.75/t FOB, basis 3,800 kc NAR, for a geared vessel loading in March. On an index linked basis, 3,800 kc NAR shipments were heard bid at M42 plus $0.30/t for a geared vessel loading in February and plus $0.45/t for a geared vessel loading in April.

 

Paper

M42 traded at $50.25-51.00 for February, up on the highest value traded on Friday at $49.75. March also traded higher at $47.00-48.75, up on the $46.75 where it last traded on Friday. Through the day, M42 was heard bid for January at $46.30 and offered at $48.45, while February was bid at $50.00 and offered at $51.45. March was bid at $47.50 and offered at $48.00. A spread for February vs March was bid at M42 plus $2.25 and offered at plus $3.45 and March vs April was bid at plus $2.25 and offered at plus $3.50.

 

Source: IHS Markit