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. 126    Date: Jul 2019


July Market Highlights

  • ICE cleared a total of 98 million tonnes of coal futures and options in July an increase of 17% compared to June volume.
  • Rotterdam volume increased 19% month-on-month to 78 Million tonnes and gC ICE Newcastle increased 10% to 17 Million tonnes whilst Richards Bay volume fell 15% to 2.6 Million tonnes.
  • Cal 2020 coal futures saw a degree of volatility during July with prices for all hubs rising approximately 5%-6% ($5-$7/lot) at the start of the month before losing momentum and finishing July with gains between 3%-5% ($2-$3/lot).
  • The price of freight contracts for the C4 route (Richards Bay/Rotterdam) and C5 route (W Australia/Qingdao) soared between 22%-32% during July with strong iron ore prices and robust vessel demand driving rates higher.

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).


Relevant Exchange Rates



ICE Coal Futures Monthly Volume & % Screen Executed



ICE Coal Options Volume



Futures Volume by Expiry



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