29 November 2012 06:16 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Zhengzhou Commodity Exchange will launch glass futures trading on 3 December, according to a statement from China Securities Regulatory Commission (CSRC) on Thursday.
The first batch of trading contracts will be FG303, FG304, FG305, FG306, FG307, FG308, FG309, FG310, and FG311, and the listed benchmark price of each contract will be at yuan (CNY) 1,420/tonne ($228/tonne), according to the statement.
Transaction commission is settled at CNY3 per board lot.
The CSRC had announced on 28 November that it has approved glass futures trading.
($1 = CNY6.22)
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