Friday, Jan 28, 2011
China is planning to launch thermal coal futures during 12th Five-Year (2011-2015), and the Zhengzhou Commodity Exchange will shoulder the responsibility, said Mr.Zhao Jialian, Secretary General of China Coal Industry Association on Jan 27 when interviewed by China Business News.
Zhao introduced that the application report has been handed in to China Securities Regulatory Commission, but declined to name the details.
According to China Business News, the coal futures proposal was postponed in 2010 due to the complex delivery issues.
Now Zhao highlighted that the futures trading of coal will be definitely realized during the 12th Five Years(sourced:Steelhome)
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