Traded volumes of Atlantic market thermal coal derivatives in November fell 7% year on year to 291.56 million mt, although volumes rose 17% from October to a five-month high, according to data from the London Energy Brokers' Association (LEBA) Monday.
Of the total, 84.8%, or 247.28 million mt, cleared.
Volumes of Europe-delivered CIF ARA derivative contracts traded in November dropped 24% on the year to 211.95 million mt, but up 19% month on month to the highest since September. The percentage of contracts cleared during the month was 84% at 178.9 million mt.
South African Richards Bay volumes were 19.34 million mt, falling 43% on the year, but 21% higher than October to a five-month high. Cleared Richards Bay futures totaled 93% of the total volume at 17.93 million mt.
The data showed that 60.28 million mt of Australian globalCOAL Newcastle futures contracts traded during the month -- rising 11% month on month -- of which 84%, or 50.46 million mt, cleared.
