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.

N.B. When reading the information contained within these newsletters, please note that past performance is not a guide to future performance.



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Issue No. 110    Date: Mar 2018

March Market Highlights

  • Prices in the ICE Coal Futures Cal’19 contracts all declined in March, with Rotterdam dipping to a 7-month low
  • The Rotterdam Cal’19 contract closed March at $75.90/mt (down $3.35/mt on the previous month), Newcastle at $82.42/mt (down $4.54/mt) and Richards Bay at $81.55/mt (down $3.49/mt)
  • Volatility in the Rotterdam Cal’19 contract levelled out in March after rising significantly through February; volatility at all three hubs dipped by month-end
  • ICE gC Newcastle volume picked up this month to exceed 18Mt, while Rotterdam volume decreased to 103Mt


ICE Coal Futures Price Trend (Cal 2019)

Key:

Rotterdam
 
Richards Bay
 
Newcastle

ICE Coal Futures Price Trend (Cal 2019) Graph


ICE Coal Futures Spreads (Cal 2019)

Key:

RB / NEWC Spread
 
Rott / RB Spread
 
Rott / NEWC Spread

ICE Coal Futures Spreads (Cal 2019) Graph


ICE Coal Futures Volatility*

Key:

Rotterdam
 
Richards Bay
 
Newcastle

ICE Coal Futures Volatility Graph


* 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

Key:

C4 (RB-Rott)
C5 (W.Aus-Qingdao)

Freight Rates Graph


Source: SSY

Relevant Exchange Rates

Key:

USD / AUD
EUR / USD

Relevant Exchange Rates Graph


Source: Thomson Reuters

ICE Coal Futures Monthly Volume & % Screen Executed

Key:

Newcastle
Richards Bay
Rotterdam
Screen Executed

ICE Coal Futures Monthly Volume & Total Open Interest Graph


ICE Coal Futures vs Options Volume

Key:

Options
Futures
% Options

ICE Coal Futures vs Options Volume Graph


Futures Volume by Expiry

Key:

Rotterdam
Richards Bay
Newcastle

Volume of March Trades by Type Graph


Copyright © 2018 Global Coal Ltd and ICE Futures Europe®

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