The volume of thermal coal derivatives traded and cleared on the ICE platform in November dropped 1% month on month to 185 million mt, down 40% year on year, data from energy exchange ICE Futures Europe and electronic trading platform globalCOAL showed Tuesday.
In the first 11 months of the year volumes stood at 1.64 billion mt, down from 2.47 billion mt traded in the same period of 2016.
Options made up 25% of the November volumes at 47.1 million mt, down 23.4% month on month and 58.9% year on year.
Traded and cleared ICE Rotterdam coal futures remained the largest market at 160.5 million mt, down 1% month on month and 32% year on year. Options accounted for 27.5% of Rotterdam futures at 44.14 million mt.
GlobalCOAL Newcastle Coal Futures volumes totaled 18.9 million mt, down 3% month on month and 72% year on year.
Options made up 14% of November's Newcastle volumes at 2.7 million mt, double October volumes but down 76% year on year.
ICE Richards Bay Futures volumes totaled 5.67 million mt in November, up 19% month on month but down 14% year on year.
Richards Bay Options totaled 300,000 mt, with none previously traded since February.
