Two energy futures coming for investors
Updated: 2013-09-24 16:13
By SHI JING in Shanghai (chinadaily.com.cn)
|
|||||||||
Chinese investors will soon have the opportunity to invest in two energy futures.
Zhengzhou Commodity Exchange will launch steam coal futures on Thursday while Shanghai Futures Exchange will offer pitch futures on Oct 9, according to notices announced by the two exchanges recently.
Steam coal is mainly used for power generation. Analysts believe that the two new futures will help downstream users, including public facility companies and aluminum producers, with their power plants to avoid price fluctuations and manage risks.
Sluggish domestic demand and the industry restructuring globally have forced many small miners to shut down. The benchmark Bohai-Rim Steam-Coal Price Index has dropped 16 percent so far this year and is down 22 percent on 2012.
- Microsoft revamps Surface to challenge Apple
- Gold rush for new coin
- China's growth: Fundamental challenges still remain
- Beijing seeks greater cooperation in space
- Panda cubs make debut during National holiday
- VIVA SALSA!
- 'Breaking Bad,' 'Modern Family' crowned at Emmys
- Obama attends Navy Yard shooting memorial
Most Viewed
Editor's Picks
Old soldiers receive badge of recognition |
The road to life after education |
New energy solutions |
Xinjiang scores on the national stage at last |
Watchdog bites with no favor |
Africa looks to the Orient for lessons |
Today's Top News
BlackBerry agrees to bid to go private
FM: China opposes all forms of terrorism
Microsoft shifts tablet plans for China
GSK's China sales may be down 30% on scandal
China to help deal with chemical weapons
China, Africa 'share destiny'
Maryland, Xi'an seek new link
Trending news across China
US Weekly
Geared to go |
The place to be |