ZHENGZHOU - Thermal coal options started trading on the Zhengzhou Commodity Exchange (ZCE) in central China's Henan province Tuesday.
It is the sixth option issued by ZCE, which launched thermal coal futures trading in September 2013.
Inspectors from China Railway Taiyuan Group Co Ltd patrol along the Datong section of the Daqin Railway in Datong, North China's Shanxi Province, on July 9, 2019. [Photo/Xinhua]
"The newly-launched options can supplement the thermal coal futures, helping more industrial and institutional customers in trading," said Xiong Jun, chairman of the ZCE board.
"It can also optimize the structure of market investors and enhance market resilience," Xiong said.
Thermal coal generally refers to the coal used for power generation, which is commonly seen in areas including thermal power generation and boiler combustion.
About CHINA MINING
China Mining Conference and Exhibition (CHINA MINING) is officially supported by Ministry of Natural Resources China. Since first held in 1999, CHINA MINING has become one of the world’s top mining events and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including survey and evaluation, exploration and mining, techniques and equipment, investment and finance, trade and services, etc., playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
China Mining Conference and Exhibition 2020 will be held at Tianjin Meijiang Convention Center of Tianjin China on October 22-24, 2020. We invite you to join the event and to celebrate the 22nd anniversary of CHINA MINING with us. For more information about CHINA MINING, please visit: www.chinaminingtj.org.
Thermal coal is closely related to the development of China's national and regional economy, the consumption of which accounts for about three-quarters of the country's total coal consumption, according to Zhang Hong, deputy secretary-general of China National Coal Association.