Covered Commodity and Power Product
API2 Rotterdam Coal
ATW · ICE API2 Rotterdam Coal monthly futures · USD per metric tonne
Current futures price$133.80
Current signal
- The API2 Rotterdam Coal cash-settled monthly futures contract (quoted in USD per metric tonne for the European region) currently lacks live price or yield observations in the verified dataset.
- Without immediate pricing telemetry, the active market signal cannot be conclusively established and must be evaluated through ongoing monitoring of underlying European energy fundamentals.
What changed
- No price changes, settlement movements, or volume shifts were recorded over the 7-day evidence window.
- Available verified data contains no updated period-over-period structural context or official index revisions for the API2 Rotterdam benchmark.
Why it matters
- For European power utilities and coal consumers, the API2 Rotterdam contract serves as a primary hedging benchmark for sea-borne thermal coal imported into Northwest Europe.
- In the absence of refreshed spot or forward price metrics, assessing the direct transmission to regional cross-commodity spark spreads and power generation margins requires additional verified data.
Bullish factors
Supply chain disruptions, unexpected thermal power generation demand, or lower output from alternative energy sources could provide upward pricing support once verified.
Bearish factors
Elevated European gas and coal storage levels, alongside increased renewable generation or subdued industrial power demand, present potential downside risks.
Key catalysts
Official updates on European energy generation mix, coal import volumes at ARA (Amsterdam-Rotterdam-Antwerp) terminals, and winter burn rates represent critical monitored catalysts.
Key risks
Unforeseen shifts in European carbon allowance (EUA) pricing or abrupt regulatory changes regarding coal-fired power generation pose ongoing structural risks.
Upcoming reports
Subsequent data releases from official monitors including ICE contract reports, EIA global energy outlooks, and GIE gas-storage updates will be evaluated upon publication.
Latest verified updates
- The static official contract specification confirms the product as an ICE API2 Rotterdam Coal cash-settled monthly future denominated in USD per metric tonne for the European market.
- No new quantitative observations, inventory adjustments, or transactional updates were reported within the current evaluation period.
Sources
ICE public delayed futures data
- CME GroupOfficialofficial futures contract and settlement context
- CFTCOfficialofficial positioning data
- EIAOfficialofficial U.S. energy inventories, supply, and demand
- OPECOfficialofficial oil-market publications
- IEAOfficialglobal energy demand and supply analysis
- LBMAOfficialprecious-metals benchmark and market data
- World Gold CouncilAnalyst Opiniongold demand, flows, and market structure
- USGSOfficialofficial mine supply and minerals data
- ICEOfficialofficial TTF gas and API2 coal contract specifications
- EEXOfficialofficial German and European power contract information
- PJM Data MinerOfficialofficial PJM load, LMP, constraint, and outage data
- ERCOTOfficialofficial ERCOT load, price, reserve, and generation data
- ENTSO-EOfficialofficial European load, generation, and cross-border power data
- GIE AGSIOfficialofficial European gas-storage observations
- World Nuclear AssociationReportednuclear fuel-cycle and uranium supply context
- Reuters CommoditiesReportedprofessional commodity-market reporting
- S&P Global Commodity InsightsAnalyst Opinionprofessional supply, demand, and price opinion
- ING THINK CommoditiesAnalyst Opinionprofessional commodity strategy opinion
- Public commodity discussionSocial Signalunverified commodity sentiment and claims requiring confirmation
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