SGX M42F Thermal Coal - Daily Update 14 December 2020

15kt traded in the Friday T+1 session

    Feb-21 traded 5kt @ $39.50

    Feb-21 traded 10kt @ $39.25

38kt traded in the Monday T session

    Dec-20 traded 3kt @ $36.75

    Jan-21 traded 10kt @ $40.25

    Mar-21 traded 25kt @ $39.75

December month-to date:

Futures Volume 213kt, Open interest at 508kt

Total volume since January 2020: 3,892kt

 

Physical

Interest for Indonesian materials remain strong, especially from China, although heavy rains were said to be persistent. Bids and offers were in short supply, with supply still limited for prompt loading, although those with cargoes were understood to be holding on to them until clearer pricing signals are seen. For low-rank, offers were heard for geared vessels loading in February at $40.30-42.00/t FOB, basis 3,800 kc NAR. Bidders were seemingly keeping their interest close to their chests today, although one was reported at $35.00/t FOB, 3,800 kc NAR, for a February loading geared vessel.

 

Paper

M42 traded at $36.75 for December for 5,000 t, $40.25 for 10,000 t for January and 25,000 t for $39.75 for March. The last time M42 traded in the $40s was in early September 2018. Earlier in the day, M42 was bid for December at $35.00 and offered at $36.75, while January was bid at $39.75 and offered at $39.85. Bids were also reported at $39.00 for February and March. A spread for January vs February was bid at flat to M42 with an offer at plus $1.00, with February vs March and March vs April both bid at plus $0.25/t.

 

Source: IHS Markit