London — Thermal coal derivatives traded in July stood at 60.95 million mt, down 20% on the year and also down 14% from June, according to data released Tuesday by the London Energy Brokers Association.
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The July volume was the lowest since December.
The January-July volume totaled 497.83 million mt, down 33% on the year.
The volume of CIF ARA derivatives traded in July totaled 46.23 million mt, down 7% from June and also down 21% on the year -- the lowest since December 2017. CIF ARA derivatives made up 75.8% of the total volume for July.
South African FOB Richards Bay derivatives traded in July totaled 5.92 million mt, down 17% on the month and 9% on the year.
Australian FOB Newcastle derivatives came to 8.8 million mt, a drop of 39% from June and a fall of 22% from July 2017.
--Piers De Wilde, firstname.lastname@example.org
--Edited by Jonathan Dart, email@example.com