ZCE Gets China Nod For Futures Launch
The China Securities Regulatory Commission has approved launch of the country’s first methanol futures on the Zhengzhou Commodity Exchange.
The China Securities Regulatory Commission (CSRC) has approved launch of the country’s first methanol futures on the Zhengzhou Commodity Exchange (ZCE), Reuters reports. The approval follows a decision by the government earlier to roll out more futures contracts for staple commodities to help in pricing of goods and in hedging them.
ZCE, the first experimental futures market approved by the State Council, had originally planned to launch the contract in May or June, adds Platts. It will run system tests with its members this month. The Shanghai Commodity Exchange had earlier in the year listed lead futures and the Dalian Commodity Exchange had started trading in coke futures.
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