Thermal coal derivatives trading volume drops 30% in Jul’21

Amid high prices, the volume of thermal coal derivatives traded and cleared in Jul’21 totalled 34.1 mn t, down 30% m-o-m and 41% y-o-y, as per the London Energy Brokers Association. The Association represents the FCA-regulated wholesale market for brokers in over-the-counter and exchange-traded European energy markets. European CIF ARA derivatives accounted for 70% of all traded volumes, totalling 23.9 mn t, down 31% m-o-m. Australian FOB Newcastle derivative volumes fell by 27% m-o-m to 8.4 mn t, while South African FOB Richards Bay derivatives stood at 1.8 mn t registering a decrease of 28% m-o-m. Total traded volumes in the Jan-Jul’21 period recorded a decline of 29% y-o-y, standing at 310.7 mn t.