Coal news and updates

Total volumes of OTC and exchange-cleared financially settled coal derivatives traded in London and Singapore in July increased 4% on the month to 204.2 million mt, according to data published Wednesday by the London Energy Brokers' Association.

 

However, coal swaps volumes for July were 20% down on a year earlier.

 

European API2 (CIF ARA) derivatives volumes in July rose 1% from June to 165.4 million mt, a five-month high.

 

Traded volumes of API4 (FOB Richards Bay) contracts were up 22% month on month to 38.8 million mt, also the highest for five months.The proportion of overall coal contracts cleared via an exchange during the month was over 97%, the data showed.

 

Cleared API2 transactions made up 98% of the total traded volumes in July, compared with 77% a year earlier, while those in the API4 market amounted to 97%, up from 81% a year earlier.

 

 

 

Source: Platts