Rotterdam Coal is coal delivered at the port of Rotterdam in the Netherlands.
Rotterdam Coal is traded at the ICE Europe under ticker symbol ATW. Contract size is 1,000 tons quoted in US dollars and cents per ton. Contract is cash-settled at an amount equal to the monthly average API 2 index as published in the Argus/McCloskey’s Coal Price Index Report. The API 2 index is the standard reference price benchmark for coal imported into northwest Europe. It is calculated as an average of the Argus cif Rotterdam assessment and McCloskey’s northwest European steam coal marker.