China will commence trading, what is believed to be, the world's first coking coal futures contracts next week.
The official home of the exchange will be in the city of Dalian, a major city and seaport in the south of Liaoning province, Northeast China.
China accounts for the lion's share of global coking coal and is the largest consumer.
It still must import around 15-20 percent of its annual 550 million tonnes of coal needs.
Spot coking coal prices are trading in the $168-175 per tonne FOB Australia range. Reported by Proactive Investors 3 hours ago.
The official home of the exchange will be in the city of Dalian, a major city and seaport in the south of Liaoning province, Northeast China.
China accounts for the lion's share of global coking coal and is the largest consumer.
It still must import around 15-20 percent of its annual 550 million tonnes of coal needs.
Spot coking coal prices are trading in the $168-175 per tonne FOB Australia range. Reported by Proactive Investors 3 hours ago.