The volume of thermal coal derivatives traded and cleared on the ICE platform in September totaled 114.8 million mt which was largely unchanged on month and down 21% on year, according to data from ICE Futures Europe and electronic trading platform globalCOAL late Thursday.
Options made up 17% of the total volume at 19.65 million mt - a decrease of 12% on month and down 37.5% on year - with futures making up the rest.
ICE Rotterdam derivatives made up 86.6% of total volume for September, with a volume of 99.49 million mt. This was an increase of 8% on the month but down 19% on the year. Rotterdam options totaled 19.2 million mt, down 9% on the month and also down 35% on the year.
ICE Richards Bay derivatives came to 2.29 million mt, a drop of 56% on the month and down 52% on the year. No options were traded for this contract, with the last options trade for Richards Bay in January.
The September Richards Bay volume was also the lowest volume for this contract since S&P Global Platts began collecting data in 2011.
GlobalCOAL's FOB Newcastle derivative volume for September totaled 13 million mt, a drop of 23% on the month and down 28% on the year.
September saw 450,000 mt of options traded for this contract, which was down 64% on the month and down 79% from the year ago period.
