Dalian Commodity Exchange (DCE) has won approval from the Chinese central government to commence the trading of coke futures, according to the government of the Chinese province of Shanxi. Accordingly, a trial run for coke futures trading is to take place at the DCE in the first half of 2011.
Coke futures are expected to make it easier to monitor global coke prices, thus ensuring more sustainable development of the coke industry.
China is the largest coke supplier in the world, while Shanxi Province produces 33.3 percent of Chinese coke output. The province's coke exports account for 80 percent of China's total coke export volume and for 48 percent of the international coke transaction volume.