142 Nov 2020

ICE Coal Futures Price Trend (Cal 2021)

NOVEMBER
MARKET
HIGHLIGHTS
132Mt of thermal coal futures
and options cleared in
November‐ the highest monthly
volume in two years.

Strong activity was recorded in

the Rotterdam market where
108Mt of futures and options
cleared‐ a 50% improvement on
October volume and the largest
monthly amount since
November 2018.
ICE Coal Futures Spreads (Cal 2021)
18Mt of Newcastle contracts
cleared leaving YTD volume of
196Mt 6% ahead of YTD 2019.

6Mt of Richards Bay volume

cleared ‐ the highest monthly
volume since May 2018. YTD
volume of 44Mt is 17% higher
than YTD 2019.

The Cal’2021 coal settlement

price rebounded in November
with all three hubs recording
10%‐16% gains in price,
compared to October’s close.

Unless otherwise stated, all data in ICE Coal Futures Volatility*

this report has been sourced from
www.theice.com
For the latest physical coal
market pricing information,
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Coal Market Report, visit
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globalCOAL®
30 Coleman Street
London EC2R 5AL
United Kingdom
Tel +44 (0)20 7776 5900
Email info@globalcoal.com *Historical 30­Day Annualised Volatility is calculated by taking the standard deviation of the last 30 days’ natural
www.globalcoal.com 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).

Copyright © 2020 Global Commodities Holdings Limited and ICE Futures globalCOAL ICE Coal Futures Monthly Report– November 2020
Europe®
 142 November 2020

Freight Rates Relevant Exchange Rates

Source: SSY Source: Refinitiv

ICE Coal Futures & Options Monthly Volume & Proportion of Futures Executed on Screen

ICE Coal Options Volume November 2020 Futures Volume by Expiry

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Copyright © 2020 Global Commodities Holdings Limited and ICE globalCOAL ICE Coal Futures Monthly Report– November 2020
Futures Europe®