CME Group has launched a new coking coal swap futures contract.
CME Group has launched a new coking coal swap futures contract. Trading and clearing services for the new contract are based on Platts’ physical market price assessments for metallurgical coal shipping from Australian ports.
With the new launch, the total number of CME Group contracts settled on physical market price assessments published by Platts is about 450. In March 2010, Platts had first launched daily price references for spot coking coal.