Business
        

Money

Dalian Commodity Exchange to launch coke futures

Updated: 2011-03-10 10:44

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - China's Dalian Commodity Exchange will launch coke futures trading this year to provide new hedging tools for the industry, Liu Xingqiang, general manager of the exchange, told reporters in Beijing on Wednesday.

"The coke industry has witnessed frequent price fluctuations in recent years. The spot enterprises have an urgent need to stave off the risks," Liu said, adding that the listing will help to promote a more regulated mechanism in the industry.

Related readings:
Dalian Commodity Exchange to launch coke futures Inflation concerns delay coke and lead futures launch
Dalian Commodity Exchange to launch coke futures Coke to maintain China growth fizz
Dalian Commodity Exchange to launch coke futures China's Dalian bourse plans coke, coking coal futures
Dalian Commodity Exchange to launch coke futures Dalian Commodity Exchange plans to start coke, coking coal futures in '10

Preparation work for the trading is underway, he said.

The coke industry plays an important role in China's booming economy, with annual output and consumption both above 300 million tons in recent years, according to Liu.

The plan comes as China pledges to advance the development in the futures and financial derivatives market in the five years to 2015.

The Dalian Commodity Exchange mainly trades agricultural products, but it aims to expand into a more comprehensive market in coming years.

Specials

Earthquake Hits Japan

A massive 8.8 magnitude quake hit the northeast coast of Japan on March 11,2011.

NPC & CPPCC sessions

Lawmakers and political advisers gather in Beijing to discuss major issues.

Labor crunch

Worker scarcity is no longer confined to eastern areas, minister says.

All about the Year of the Rabbit
President Hu visits the US
Ancient life