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 2018. 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 power generation. Buyers, sellers and traders in this active and growing international market will now be able to manage their price risk effectively by using a cleared derivative instrument. The ICI 4TM index is jointly produced by leading international energy price reporting agency Argus and PT Coalindo Energy.
