China Launches Its First Coal
Price Index
China, the
world's largest coal producer and second largest economy, has launched the
country's first coal price index. Ceres futures broker Jane Yang suggests that
the launching of the index will aid in giving China a more accurate price and
demand outlook.
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| Jane Yang Futures Broker Ceres Ltd. |
According
to Chinese State Media; the index, which will be released by China Taiyuan Coal
Transaction Centre and China Finance Corp, will initially collect samples from
144 monitoring points in coal-rich Shanxi Province, which it will use as a
base. The index will then be expanded to other major coal-producing bases such
as Inner Mongolia Autonomous Region and the provinces of Shaanxi and Henan.
 |
| David Nealis President Ceres Ltd. |
