皇冠体育app

Money

Dalian Commodity Exchange to launch coke futures

(Xinhua)
Updated: 2011-03-10 10:44

BEIJING - 皇冠体育app'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:  Inflation concerns delay coke and lead futures launch  Coke to maintain 皇冠体育app growth fizz  皇冠体育app's Dalian bourse plans coke, coking coal 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 皇冠体育app's booming economy, with annual output and consumption both above 300 million tons in recent years, according to Liu.

The plan comes as 皇冠体育app 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.