Today, Evolution Markets brokered the first trade in the ICE-listed Illinois Basin coal futures contract.

Under the trade, the counterparties agreed to a price of $31.00 a ton for 5,000 tons per month for the fourth quarter of 2016. The ICE contract is financially settled off of the Platt's OTC Broker Index.

For more information on the trade see our news release. For more information on the Illinois Basin coal market or to transaction, contact our U.S. Coal Markets team at: +1 914.323.0250 or coaldesk@evomarkets.com.