DCE Signs Contract to Promote the Development of Coke Futures

On November 18, the Dalian Commodity Exchange and the China Coking Industry Association signed a cooperation agreement in Dalian to strengthen the communication and cooperation between the two sides, and jointly promoted the research and development of coke futures varieties to serve the development of related industries.
Huang Jingan, president of the China Coking Industry Association, said that the coking industry is an important energy process industry for fossil fuels—coking transpiration conversion and processing, and an industry that has high requirements for resources, energy, ecological environment, and social supporting conditions. At present, China's coking industry has formed a huge scale of production, with coke production capacity, export volume and domestic consumption ranking first in the world. Nearly 1,000 coke production companies have annual production of more than 300 million tons. The coking industry has a long industrial chain and many cross-industry branch industry chains. In particular, there are many independent coking companies in the coking industry in China, which are decentralized. The market is fiercely competitive and the price fluctuations are frequent. The related companies have high operating risks. The coking industry needs to urgently seek out price discovery, risk avoidance, and The hedged operation mechanism, and the listing of future coke futures will inevitably provide coking companies with effective hedging tools.
According to Liu Xingqiang, general manager of Dashang Group, at the Fifth Plenary Session of the 17th CPC Central Committee, the party Central Committee once again clearly stated that “steady development of the futures market”. Facing the good development situation of the futures market and the national economy, Dashang will actively expand the futures market. Over the years, DCE has conducted a large number of investigations and researches on the development of coke futures and conducted full exchanges with the China Coking Industry Association. The two sides have established long-term good cooperative relations. The signing of the cooperation agreement will further deepen the cooperation between the two sides, accelerate the development of coke futures, actively raise the market for coking products, and promote the development of the coking industry in the direction of resources, energy, environment, science, and sustainability.

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