Press Release
gC ICE NEWC Futures Trade Over 20Mt Amidst Record Month for ICE
LONDON AND SINGAPORE – 01 November 2013
Contracts in the ICE Coal Futures portfolio traded in record tonnage in October, with a total of 195 million tonnes cleared.
All-time high volume was achieved in all three hubs. The gC ICE NEWC contract traded above 20 million tonnes for the first time, breaking the previous record set just last month. Interest in the NEWC contract has been high throughout 2013, with year-to-date volume reaching 152 million tonnes – already exceeding the previous yearly record of 123 million tonnes set in 2010.
The Rotterdam and Richard Bay ICE contracts also achieved record volumes of 129 million tonnes and 45.5 million tonnes respectively. This tonnage included a record volume of options traded, namely 35 million tonnes for Rotterdam (27% of October volume) and 11.5 million tonnes for Richards Bay (25% of October volume).
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