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Saturday, February 25, 2012

China Taiyuan Coal Trading Center starts operation

Saturday, 25 Feb 2012

China Taiyuan Coal Transaction Center, China’s first trading platform for coal commodities, started operation today with 722,800 tons traded, the official Xinhua News Agency said, citing center Director Qu Jiawu.

All coal companies in Shanxi province are asked to trade 95% of their output at the center, which is located in Taiyuan, the provincial capital, Xinhua said. Coal production in Shanxi accounts for almost a quarter of the country’s total.

(Sourced from Bloomberg)

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