Evolution Markets announces today it has brokered the first trade in the exchange-listed, financially settled Indonesian coal contract known as the Indonesian Coal Index 4 (ICI 4).
The CME-listed ICI 4 contract financially settles against the Argus/Coalindo Indonesian Coal Index Report for Indonesian origin coal with a net caloric value of 4,200 kcal/kg. The ICI 4 contract is the latest in a series of launched and planned financially settled contracts for the Asian coal market designed to assist market participants in hedging the price risk of physical coal exposure.
To learn more about the trade and the ICI 4 contract, please see our news release. To contact one of our coal brokers in Asia, please call +65 6637 8809 or email firstname.lastname@example.org.