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Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES


COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Nymex floor and for clearing through CME Clearport from 29 August. The new contract will be settled against the fob Australia assessment in the Argus Coal Daily International market report.

The launch of the futures contract and clearing service comes amid strong growth in the coking coal spot market and follows a move away from annual pricing towards quarterly and even monthly contracts. Argus launched spot coking coal prices in May last year, with daily price assessments now covering the Chinese import and domestic markets, India, Australia, Japan and the US. Australia accounts for about two-thirds of world coking coal exports.

“We are pleased that CME Group has introduced this new instrument, which will help expand risk management and trading opportunities for coking coal in the Asia-Pacific region. We wish the exchange every success with their new contract,” Argus Media chairman and chief executive Adrian Binks said.

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Friday, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stake ...


Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal  in July 2011, up by 10.69 percent compared to June's export of about  28.27 ...


Thursday, 18 August 11
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COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...


Thursday, 18 August 11
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Wednesday, 17 August 11
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