China's Dalian Commodity Exchange will start
official trading of the world's first coking coal futures contract on
March 22, 2013, hoping to provide more tools for industry
participants to reduce their pricing risks.
The exchange, which began trading the world's first
metallurgical coke futures in 2011, received approval for the coal contract
last week.
China is the world's largest coking coal consumer, with
nearly 15-20 % of its annual 550 million tons of consumption depending on
imports.
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