ICE Coal Futures climb 51% on-month to record 146.7 million mt
London (Platts)--2Oct2013/635 am EDT/1035 GMT
The total coal traded and cleared on the ICE Futures platform rose for the second consecutive month in September to the highest monthly volume on record, jumping 51% on-month to 146.7 million mt, according to data released Wednesday in energy exchange ICE Futures Europe and electronic trading platform globalCOAL's monthly report.
The total was also a little more than double the 65.2 million mt of coal traded and cleared in September 2012.
A record 107,355 lots of ICE Rotterdam Coal Futures were cleared during the month, which equates to 107.35 million mt of coal -- a 38.3% climb from August's volume and 150.2% higher year-on-year.
According to Platts data, Rotterdam prompt-month derivatives were strong during September, rallying $5.35 from the beginning of September to $82.40/mt at the end of the month.
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