SGX M42F Thermal Coal - Daily Update 8 April 2021

15kt traded in the Thursday T session

NLT

Apr-21 traded 5kt @ $43.90

Apr-21 traded 5kt @ $44.25

May-21 traded 5kt @ $43.50

Swaps

NIL

30kt traded in the Thursday T+1 session

NLT

Jun-21 traded 30kt @ $42.75

Swaps

NIL

April month-to date:

Futures Volume at 135kt, Open Interest at 510kt

Swaps Volume at 0kt, Open Interest at 40kt

Total volume since January 2021: 3,046kt

 

 

Physical

Heavy rains continue to limit supply for Indonesian material, although few bids were reported and offer levels were said to be coming down, following downwards pressure on Chinese domestic futures. For low-rank, a May loading Panamax was heard offered at $46.00/t FOB, basis 3,800 kc NAR. More prompt loading cargoes appeared to still be offered higher however, with an offer at $50.00/t FOB, basis 3,800 kc NAR, for an April loading Panamax.

 

Paper

M42 traded at $44.25 and $43.90 for April, which was down on the last reported April deal done a week ago at $45.25. May also traded lower at $43.50, which was down on yesterday's last deal at $44.00. June traded later in evening session at $42.75 multiple times, which was also lower than its last traded levels of $44.00. During the day, April was bid at $43.00 and offered at $44.50, with May bid at $42.10 and offered at $44.25, while June was bid at $41.60 and offered at $43.75. Spreads for April vs May was heard bid at M42 minus $1.50, while a market for May vs June was bid at plus $0.25 and offered at plus $2.00.

 

Source: IHS Markit