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Copyright 2011 Global Coal Ltd and ICE Futures Europe globalCOAL
ICE Coal Futures Monthly Report January 2011
January Trading Highlights
January Snapshot
Average Daily Volume(lots per day)
Mid-Month Open Interest(growth on prev month)
Monthly Volume(growth on prev month)
ICE Rotterdam Coal 2,829 60,335 (+2%) 56,586 (+39%)
ICE Richards Bay Coal 952 35,074 (-5%) 19,040 (+43%)
gC ICE Newcastle Coal 535 20,370 (+1%) 10,706 (+26%)
All Coal Futures 4,317 115,779 (--) 86,332 (+38%)
ICE Coal Futures Monthly Volume
Activity for the ICE Coal Futures portfolio started briskly in
2011 with a total of 86,332 lots (or more than 86 milliontonnes of
coal) cleared via ICE in January a 38% improvement on December 2010
volume.
The Rotterdam hub saw above average volumes with over 56 million
tonnes traded while the Newcastle hub alsofared well with almost 11
million tonnes.
In contrast with December, where over 62% of ICE Coal Futures
contracts were traded as calendar strips, Januaryactivity shifted
towards quarters with 45% of cleared volumes. The trend was
especially pronounced in theNewcastle hub where 58% of contracts
were traded as quarterly strips.
Pressure on prices abated in January with prices dropping by
almost $9/mt in the Rotterdam hub and by ~$5/mt atRichards Bay and
Newcastle, despite an uplift towards month-end. Implied freight
returned to negative territory,closing the month at -$3/mt.
Open interest for the ICE Coal Futures portfolio remained stable
at 115 million tonnes in mid-January.
JANUARY 2011
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Copyright 2011 Global Coal Ltd and ICE Futures Europe globalCOAL
ICE Coal Futures Monthly Report January 2011
ICE Coal Futures Open Interest
ICE Coal Futures News
Disclaimer
Please direct all questions and comments about information
contained in this publication to globalCOAL. All information shown
above is indicative only. 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 cannotbe 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 isissued by Global Coal Ltd (globalCOAL), which is
authorised and regulated by the Financial Services Authority (FSA).
The designated investments or investment servicesdetailed are only
directed to Eligible Counterparties and Professional Customers as
defined by FSA. Any other persons, such as private customers,
should not rely on thisdocument. If you have any doubt, contact
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conversations with globalCOAL may be recorded.
ICE Futures Europe
is a Recognised Investment Exchange in the UK supervised by the
Financial Services Authority in accordance with the Financial
Services andMarkets Act 2000. The information and materials
contained in this Report, graphics, links or other itemsare
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
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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.
ICE Futures Europeto launch new U.S. and Indonesian Coal Futures
Contracts
ICE Futures Europe announced that it will launch four new coal
price risk management contracts on 21 February 2011,covering US and
Indonesian coal.
The new products, all cash-settled, will include three new U.S.
thermal coal futures contracts settled against dailyassessments
published in Platts Coal Trader: Central Appalachian Coal (UCA),
CSX Coal (UCX) and Powder RiverBasin (UCP). In addition, the
Exchange will introduce an Indonesian sub-bituminous coal futures
contract, which willsettle against the IHS McCloskey Indonesian
sub-bituminous FOB marker.
Margin offsets will be offered against a range of ICE
contracts.
ICE Education presents Coal Market & Trading Training
Course
This intensive, market-focused course draws on the expertise of
a range of industry speakers to provide participantswith an
in-depth understanding of the thermal coal market. The course will
cover the ins and outs of the physical andfinancial coal markets,
trading strategies and risk management tools - including the rise
of cleared contracts.
LONDON: 23-24 March 2011
To book, please visit:
https://www.theice.com/EducationCourses.shtml?courseDetail=&courseId=6663
