Jan 21, 2011,
China's Coal Price Index and Application, completed by the experts team of Fenwei Energy Consulting, received award for outstanding contributions to the science and technology of the 11th Five-Year Plan period (2006-2010) by relevant government authorities on Dec 25, 2010, the company said at its website.
With investment of over 10 million yuan, Fenwei experts compiled six price and inventory indexes for thermal coal, coking coal and coke, based on data of China Coal Resource website, Zhongtai Coal Exchange, and Jiaolian Coke Exchange, as well as study of global index, particularly coal price index.
It cost six years for experts to complete the program, the company said.
Fenwei started to formally publish the CR coal and coke index in May 2010.
The index can be used to analyze and forecast current and future market trends, and act as a dynamic analysis and early-warning tool for coal market, mainly attributed to its timely reflection of price changes and powerful analysis and forecast function.
Presently, the CR coal and coke index has been applied in industry institutions of China (Taiyuan) Coal Exchange Center, London Commodity Brokers, etc., serving as a barometer and forecast tool for global coal price.(sourced:en.sxcoal.com)
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment