This article is 11 years old. Images might not display.
With more companies involved in trading metallurgical coal, as well as the industry seeing increased levels of spot trade, it is perhaps unsurprising that 2014 has seen interest surging in the use of futures and derivatives contracts to manage price risk, it said.
At the CME Group, which lists coking coal futures FOB Australia settled basis Platts, volumes for this year to-date are up by almost 15 times on 2013 volumes.
Volumes of coking coal swaps and futures traded at the Singapore Exchange (SGX) continue to build on their strong start. In 10 weeks since launch, swaps and futures volumes for SGX’s FOB Australia and CFR China coking coal contracts (settled basis TSI) already exceed total 2013 coking coal volumes traded by over 40%.
To-date, 2202 lots have been traded at SGX.
