Difference between revisions of "ICE Coal futures"

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(Contract Specifications)
(Contract Specifications)
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|tickVal  =  5 cents
 
|tickVal  =  5 cents
 
|elect    =  Y <!-- Y if an electronic trading session exists; leave blank if none -->
 
|elect    =  Y <!-- Y if an electronic trading session exists; leave blank if none -->
|elHours  =  Open 07:00, Close 17:00 London local time.  <!-- Electronic trading hours; leave blank if none -->
+
|elHours  =  Open 07:00, Close 23:00 London local time (Rotterdam, Richards Bay); 1:00 to 23:00 (Newcastle, CSX, Appalachian).  <!-- Electronic trading hours; leave blank if none -->
 
|elLimit  =  There are no limits. <!-- Price limits on electronic trading session; leave blank if none -->
 
|elLimit  =  There are no limits. <!-- Price limits on electronic trading session; leave blank if none -->
 
|elSym    = ATW (Rotterdam), AFR (Richards Bay), CRF (CFR South China), UCA (Central Appalachian), UCX (CSX) <!-- Ticker symbol for electronic platform; leave blank if none -->
 
|elSym    = ATW (Rotterdam), AFR (Richards Bay), CRF (CFR South China), UCA (Central Appalachian), UCX (CSX) <!-- Ticker symbol for electronic platform; leave blank if none -->

Revision as of 13:40, 18 October 2013

ICE wiki logo.jpg

ICE lists coal futures for delivery in several locations throughout the world, including:

  • Rotterdam (The Netherlands) - Contracts are financially settled based on delivery to Rotterdam in the Netherlands. The product is cash settled against API 2 as published in the Argus/McCloskey Coal Price Index Report.
  • Richards Bay South Africa) - Contracts are financially settled based upon the price of coal loaded at the Richards Bay Coal Terminal in South Africa. The contract is cash settled against the API 4 Index published in the Argus/McCloskey Coal Price Index Report.
  • Newcastle (Australia) - Contracts are financially settled based upon the price of coal loaded at the Newcastle Coal Terminal in Australia. The contract is cash settled against the globalCOAL Weekly NEWC Index.
  • CFR (South China) - The contract is cash settled against the API 8 Index published in the Argus/McCloskey Coal Price Index Report.
  • CSX (U.S) - Contracts are financially settled based upon the price of coal delivered via the Eastern Rail network from the Central Appalachain mining region. The contract is cash settled against the monthly average for the corresponding month of the Platts CAPP Rail (CSX) OTC assessment published in Platts Coal Trader.
  • Central Appalachian (U.S.) - Contracts are financially settled based upon the price of coal loaded at the Central Appalachian mining region. The contract is cash settled against the monthly average for the corresponding month of the Platts CAPP Barge OTC assessment published in Platts Coal Trader.

Contracts are traded on the ICE Platform or by the Exchange of Futures for Physicals, Exchange of Futures for Swaps or Block trades.

The first contracts launched on July 17, 2006.

Contract Specifications

Rotterdam & Richards Bay Coal futures
Exchange ICE
Settlement Cash settled
Contract Size 1000 metric tons of thermal coal
Pricing Unit U.S. Dollars and cents per ton
Tick Value 5 cents
Contract Months Need contract months!
Last Trading Day Trading will cease at the close of business on the last Friday of the delivery month, quarter, season, or calendar year as applicable. (Rotterdam, Richards Bay, CFR); 25th day of the month prior to the contract month. If the 25th day is a Non-Business Day, the contract shall expire on the business day prior to the 25th. (CSX, Central Appalachian).
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A Open 07:00, Close 23:00 London local time (Rotterdam, Richards Bay); 1:00 to 23:00 (Newcastle, CSX, Appalachian).
Ticker Symbol N/A ATW (Rotterdam), AFR (Richards Bay), CRF (CFR South China), UCA (Central Appalachian), UCX (CSX)
Price Limits N/A There are no limits.

Notes