globalCOAL ICE futures report - May 2024
• 44Mt of thermal coal futures and options cleared in May, falling 11% below May’23 volume of 49.2Mt and 6% below the 47Mt cleared in April.
• 33.6Mt (76%) of total monthly volume cleared in ICE Rotterdam contracts.
• 9.4Mt (21%) in gC ICE Newcastle.
• 1Mt (2%) in ICE Richards Bay contracts.
• YTD’24 futures volume of 241Mt is 18% higher than the 205Mt cleared YTD’23.
• The coal markets saw prices rise in May. The Calendar 25’ contract increased by between 9% and 15% in the Richards Bay and Rotterdam hubs and 3% in the Newcastle hub compared to the end of April - in line with rising gas prices and general strength seen in the wider energy market complex.
• Freight rates remained strong as the C5 route between Australia and China remained between $10 and $12 reportedly reflecting an increase in coal transporting from Indonesia and Australia to China.
Ann: 2024 Annual General Meeting Address and Presentation, page-28
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| No. | Vol. | Price($) |
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