Dalian exchange to launch coking coal futures contract

The China Securities Regulatory Commission, the country's securities and futures regulator, said on Tuesday it has approved a proposal by the Dalian Commodity Exchange to launch a coking coal futures contract, the first of its kind in the world. The commission said it hopes the contract will help steel companies and coal and coke producers to hedge price risks of raw materials, and that the trading of coking coal futures will help to improve the product's pricing mechanism.

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