06 May 2011 04:57 [Source: ICIS news]
SHANGHAI (ICIS)--China’s Zhengzhou Commodity Exchange will launch methanol futures trading in June or July, a senior director with the exchange said on Friday.
“We have already submitted the paper documents to China Securities Regulatory Commission (CSRC) and are waiting for its approval,” Zuo Hongliang, the senior executive of the exchange, said.
“Methanol futures will be launched in June or July following the green light granted by the government,” he told ICIS.
The exchange had planned to launch methanol futures trading in 2010, Zuo said, but declined to give more details.
Another official from the exchange said the exchange is conducting a study on monoethylene glycol (MEG) futures.
Futures contracts that are already being traded on the Zhengzhou Commodity Exchange include wheat, cotton, sugar, purified terephthalic acid (PTA), rapeseed oil and early rice, according to the exchange’s website.
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