Iced Newcastle coal can be inquired through the international exchange, because it is an international transaction, involving many and important contents.

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2065438+In July 2008, the European Futures Department (ICE) of the Intercontinental Exchange launched two kinds of coal futures contracts for the European market. These two contracts are cash-settled futures contracts, and their two main pricing benchmarks are Rotterdam in the Netherlands and Richards Bay in South Africa. In the first quarter after the contract was issued, the average monthly turnover was only 2000, and then it gradually became active.

The coal futures market has brought a lot of supply and demand information to traders, and the transfer of standardized contracts has increased market liquidity. The price formed in the futures market can truly reflect the actual supply and demand relationship of coal to a certain extent, and at the same time provide a reference price for the spot market, which plays the role of "discovering prices". At the same time, by forecasting the supply and demand situation and price trend of coal in the futures market, the government and enterprises can make macro-control and micro-decision more successfully and realize the optimal allocation of resources.