Newcastle Coal is thermal coal exported (delivered FOB) out of the port of Newcastle in New South Wales, Australia. It is the price benchmark for seaborne thermal coal in the Asia-Pacific region.
Newcastle coal futures are traded at the ICE Europe under ticker symbol NCF. Contract size is 1,000 tons quoted in US dollars and cents per ton. Contract is cash-settled at a price equal to the globalCOAL Monthly Newcastle Index. The NEWC Index is calculated based on a combination of bids and offers posted on the platform and transactions executed on the platform. Delivery takes place all calendar months.