Coal news and updates

The total coal traded and cleared on the ICE Futures platform rose for the second consecutive month in September to the highest monthly volume on record, jumping 51% on-month to 146.7 million mt, according to data released Wednesday in energy exchange ICE Futures Europe and electronic trading platform globalCOAL's monthly report.

 

The total was also a little more than double the 65.2 million mt of coal traded and cleared in September 2012.

 

A record 107,355 lots of ICE Rotterdam Coal Futures were cleared during the month, which equates to 107.35 million mt of coal -- a 38.3% climb from August's volume and 150.2% higher year-on-year.

 

According to Platts data, Rotterdam prompt-month derivatives were strong during September, rallying $5.35 from the beginning of September to $82.40/mt at the end of the month.

The volume of ICE Richards Bay Futures traded and cleared more than doubled to a 15-month high of 19.9 million mt in September from 7.4 million mt in August, and was 88% increase on the same month in 2012.

 

Richards Bay October swaps contracts also climbed $3.35 during September to $77.05/mt at the end of the month, according to Platts data.

 

During September, the amount of globalCOAL ICE Newcastle coal traded and cleared also reached a record high of 19.5 million mt, firming 60.5% from August and 60.4% from September last year.

 

Newcastle prompt-month paper prices were relatively stable, ending the month at $78.95/mt, according to Platts data, rising 90 cents from the beginning of September.

 

 

Source: Platts