15 December 2009 07:16 [Source: ICIS news]
"We hope the trading on the Exchange could meet the buying and selling needs of customers and help investors hedge risks," the source told ICIS news.
"Our target is that China will have its own crude oil and coke price one day."
Crude oil and coke would be the first batch of commodities to be traded from Friday, the source said.
"We will introduce the trading of other commodities like steel, coal and metal [later]," the source added.
Details on the crude oil and coke trading would be released on the BCE website in the next few days, the source said.
The BCE, set up on the initiative of northern Tianjin municipal government in September this year, is a 24-hour spot transaction exchange.
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections