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Indonesian coal futures to launch on 20 January

Jan 3, 2018 - Banking and Credit News


A new financial futures contract covering the most widely traded Indonesian coal grade will be listed on CME Group's NYMEX exchange from 20 January, the company said.

The contract will be cash settled to the ICI 4TM index price published in the Argus/Coalindo Indonesian Coal Price Index Report, pending receipt of all regulatory reviews.

The ICI 4TM index is the benchmark for Indonesian thermal coal with a low heat value that is widely used in Asia-Pacific for heating and

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