SGX M42F Thermal Coal - Daily Update 9 February 2021

10kt traded in the Monday T+1 session

    Feb-21 traded 10kt @ $38.25

167kt traded in the Tuesday T session

    Feb-21 traded 5kt @ $39.00

    Mar-21 traded 30kt @ $38.50

    Mar-21 traded 45kt @ $38.45

    Mar-21 traded 10kt @ $38.35

    Mar-21 traded 40kt @ $38.30

    Mar-21 traded 5kt @ $38.25

    Mar-21 traded 5kt @ $38.05

    Apr-21 traded 10kt @ $38.00

    Apr-21 traded 7kt @ $37.50

    Feb-21 traded 5kt @ $38.60 (Feb-21/Mar-21 spread @ $0.10)

    Mar-21 traded 5kt @ $38.50 (Feb-21/Mar-21 spread @ $0.10)

February month-to date:

Futures Volume at 429kt, Open Interest at 884kt

Total volume since January 2021: 1,868kt

 

Physical

Indonesian prices appeared to have stabilised somewhat, following last week's fall. Market activity, however, was light, and sellers continue to be hampered by weather- related loading issues. A bid was heard at $39.00/t FOB, basis 3,800 kc NAR, for a March loading geared vessel, with offers understood to be at $40.00/t FOB, on the same basis and above, although activity was light. There was talk of a deal being done, however, at around $37.00/t FOB, basis 3,800 kc NAR, for a March loading geared vessel, although this could not be confirmed.

 

Paper

M42 had an active day with 167,000 t transacted via SGX. Deals were conclude at $38.60-39.00 for February and $38.05-38.50 for March, up on yesterday's last traded levels of $38.25 for February and $37.60 for March. April was also done at $38.50-38.50, which was up on yesterday's last traded levels of $37.25. During the day, February was heard bid at $38.60 and offered at $39.00, with March bid at $38.00 and offered at $38.50. A market for April was bid at 37.00 and offered at 37.50, while May was bid at $35.00 and offered at $37.00.

 

Source: IHS Markit