Liu Xingqiang, director of Dalian Commodity Exchange (DCE), China's largest derivatives market, said on July 6 that the DCE is planning to introduce coke futures in 2010 so as to provide coking companies, mills and traders with a tool that will enable them to avoid risks in the market.
Mr. Liu stated that, in recent years, especially before and after the financial crisis in 2008, the domestic coking coal market has experienced acute ups and downs, which have had a strong impact on companies in the sector. After due consideration, as Mr. Liu said, the DCE has decided to introduce coke futures first, within the current year, and possibly coking coal futures at a later stage.