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. 114    Date: Jul 2018


July Market Highlights

  • July was a volatile month for the ICE Coal Futures Cal’19 contract, which reached a multi-year Y+1 record at all three main hubs before climbing down again
  • The Rotterdam Cal’19 contract closed the month at $86.40/mt (down $3.06/mt on June), Newcastle at $97.40/mt (up $0.05/mt) and Richards Bay at $93.47/mt (down $1.99/mt)
  • All three spreads remained firmly in negative territory
  • Freight prices rose over the period, with the C5 M+1 contract gaining $1/mt over the course of july, and the C4 $0.72/mt
  • The overall volume of coal cleared at ICE remained above 100Mt in July, despite the effect of the summer season
  • However, the volume of ICE gC NEWC Coal Futures – with 13Mt cleared – was at a 7-month low

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



Copyright © 2018 Global Coal Ltd and ICE Futures Europe®


DISCLAIMER
Please direct all questions and comments about information contained in this publication to globalCOAL®. All information shown above is indicative only. Past performance is not indicative of future performance. Whilst globalCOAL endeavours to provide accurate information, it does not represent or endorse the accuracy or reliability of any of the information contained herein and cannot be held liable for any loss or damage howsoever arising from any use or reliance on the information contained herein. Where this communication has effect in the UK, it is issued by Global Coal Ltd (globalCOAL), which is authorised and regulated by the Financial Conduct Authority (FCA). The designated investments or investment services detailed are only directed to Eligible Counterparties and Professional Customers as defined by FCA. Any other persons, such as private customers, should not rely on this document. If you have any doubt, contact your financial adviser. globalCOAL's Scope of Permissions under the Financial Services and Markets Act 2000 prohibits globalCOAL from holding any positions in any of the designated investments it arranges on behalf of its clients. globalCOAL's directors, employees and affiliates are not permitted to conduct any transactions for their own account where a conflict or potential conflict of interest may occur without prior approval of globalCOAL. globalCOAL may be providing and may have provided within the previous 12 months, significant investment advice and service(s) in respect of any designated investment(s) or related investments, mentioned in this communication. Telephone conversations with globalCOAL may be recorded.

ICE Futures Europe® is a Recognised Investment Exchange in the UK supervised by the Financial Conduct Authority in accordance with the Financial Services and Markets Act 2000. The information and materials contained in this Report, graphics, links or other items-are provided "as is" and "as available". ICE Futures Europe, and its subsidiaries, does not warrant the accuracy, adequacy or completeness of this information and materials and expressly disclaims liability for errors or omissions in this information and materials. No warranty of any kind, implied, express or statutory, including but not limited to the warranties of non-infringement of third-party rights, title, merchantability, fitness for a particular purpose and freedom from computer virus, is given in conjunction with the information and materials. The information in this Report is liable to change at short notice. You should not rely on any information contained in this Report without first checking with us that it is correct and up to date.