API2 Rotterdam Coal Futures243
ICE Futures Europe
API2 Rotterdam Coal Futures
Description
Contracts are financially settled based upon the price of coal delivered into the Amsterdam, Rotterdam region in the Netherlands, and Antwerp region in Belgium. The contract is cash settled against the API 2 Index published in the Argus/McCloskey Coal Price Index Report.
Market Specifications
- Trading Screen Product Name
- Rotterdam Coal Futures
- Trading Screen Hub Name
- ARA
- Contract Symbol
- ATW
- Contract Series
- Up to 84 consecutive month contracts.
25 to 28 consecutive quarters.
Quarters are strips of three individual and consecutive contract months. Quarters always comprise a strip of Jan-Mar, Apr-Jun, Jul- Sep or Oct-Dec.
6 consecutive seasons.
Seasons are strips of six individual and consecutive contract months. Seasons always comprise a strip of Apr-Sep or Oct-Mar.
6 consecutive years.
Years are strips of twelve individual and consecutive contract months comprising Jan - Dec.
Months, quarters, seasons and years are listed in parallel. Upon expiry of a December monthly contract an additional 12 months, four quarters, two seasons, and one calendar year are added.
- Contract Size
- 1,000 metric tonnes per contract month
- Unit of Trading
- 1,000 metric tonnes of thermal coal
- Minimum Trading Size
- Futures: 1 lot = 1,000 metric tonnes
Block Order: 5 lots = 5,000 metric tonnes
- Price Quotation
- The contract price is in US Dollars and in US Dollar Cents per tonne
- Minimum Price Fluctuation
- 5 Cents ($0.05) per tonne
- Tick Value
- Contract Size x Minimum Trade Size x Minimum Price Fluctuation
- Last Trading Day
- Trading will cease on the last Friday of the delivery month. In the event of a public holiday on such Friday, the expiry will be on the preceding Business Day.
- Settlement Method
- Financially Settled
- Cash Settlement Price
- The contract is cash settled against the API 2 Index published in the Argus/McCloskey Coal Price Index Report.
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 8:00 PM - 6:00 PM* 20:00 - 18:00 | 7:55 PM 19:55 |
| LONDON | 1:00 AM - 11:00 PM 01:00 - 23:00 | 12:55 AM 00:55 |
| SINGAPORE | 9:00 AM - 7:00 AM* 09:00 - 07:00 | 8:55 AM 08:55 |
*Next Day
Codes
- Clearing Admin Name
- ICE Coal ARA
- Physical
- ATW
- Logical
- ATW
- GMI (FC)
- PK
- ION A.C.N.
- NN89
- Symbol Code
- ATW