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Zhengzhou Commodity Exchange Launches Thermal Coal Options Simulation Trading

Coal News - Published on Tue, 26 May 2020

Image Source: Zhengzhou Commodity Exchange
China's Zhengzhou Commodity Exchange announced that it will roll out thermal coal options simulation trading on May 26 to prepare for real transaction. Thermal coal contracts of ZC2007 (expiring in July 2020), ZC2008, ZC2009, ZC2011 and ZC2101 will be listed on the first day. ZCE carried out simulated option trading for rapeseed meal two months earlier before it was officially listed in the market on January 16, 2020. In efforts to provide more hedging instruments in the energy field, thermal coal option is likely to come online soon

In commodity derivatives trading, options give the buyer the right, but not obligation, to buy or sell a futures position at a specified price. China now has 12 commodity options, including copper, gold and natural rubber on the Shanghai Futures Exchange; white sugar, cotton, PTA, methanol and rapeseed meal on the Zhengzhou Commodity Exchange; Soybean meal, corn, iron ore and LPG on the Dalian Commodity Exchange.

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Posted By : Yogender Pancholi on Tue, 26 May 2020
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