ICE Coal Futures Monthly Report

The ICE Coal Futures market is our most transparent window on the world of financial coal trading. This free monthly report analyses volume and price trends on a monthly basis to help you draw a picture of market development.




Coal Futures Monthly Report

Issue No. 116    Date: Sep 2018


September Market Highlights

  • September saw another period of price increases in all of ICE’s Cal’19 coal contracts
  • By month-end, the Cal’19 ICE gC Newcastle contract’s Daily Settlement was quoted at US$108.90/mt, while Richards Bay stood at $101.93/mt and Rotterdam continued to trail at $98.17/mt
  • The relative increase lead the FOB spread (RB / NEWC) to widen by ~$2/mt
  • The total volume of ICE Coal Futures cleared in September remained flat month-on-month at 115Mt
  • At 13Mt, the volume of ICE gC Newcastle Coal Futures cleared in September remained low compared to the 2018 average

ICE Coal Futures Price Trend (Cal 2019)



ICE Coal Futures Spreads (Cal 2019)


ICE Coal Futures Volatility*



* Historical 30-Day Annualised Volatility is calculated by taking the standard deviation of the last 30 days' natural logarithm of daily percentage change in the price of the Cal+1 contract, and annualising it by multiplying it by the square root of 252 (as the number of trading days in the year).


Freight Rates


Relevant Exchange Rates



ICE Coal Futures Monthly Volume & % Screen Executed



ICE Coal Futures vs Options Volume



Futures Volume by Expiry



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