Zhengzhou exchange to start methanol futures trading in '10

20 July 2009 13:19  [Source: ICIS news]

SHANGHAI (ICIS news)--China’s Zhengzhou Commodity Exchange is to start methanol futures trading in 2010, a senior director with the exchange said on Monday.

“The preliminary research has almost been finished. But the futures trading still needs the approval from China Securities Regulatory Commission,” said the exchange’s Zuo Hongliang in Mandarin.

A second source from the exchange said: “The methanol futures trading will start next year, but the detailed time had not been fixed.”

Current futures contracts traded on the exchange include wheat, cotton, sugar, purified terephthalic acid (PTA), rapeseed oil and early rice, according to the exchange’s website.

The exchange is located at Zhengzhou, in Henan province.

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By: Judith Wang
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