ICE Coal Futures climb 51% on-month to record 146.7 million mt
London (Platts)--2Oct2013/635 am EDT/1035 GMT
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.
--Jacqueline Holman,
jacqueline.holman@platts.com
--Edited by James Leech,
james.leech@platts.com
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