China’s Zhengzhou exchange seeks feedback on thermal coal options
China’s Zhengzhou Commodity Exchange said in a statement on Monday evening it is seeking public opinion for its thermal coal options contract.
The Zhengzhou exchange listed some specifications for the contract, but did not say when it would be launched.
The Zhengzhou exchange currently has five options contracts for its products: white sugar, cotton, purified terephthalic acid, methanol and rapeseed meal, which was launched in mid-January.
In commodity derivatives trading, options give the buyer the right, but not obligation, to buy or sell a futures position at a specified price.
Source: Reuters (Reporting by Emily Chow; editing by Emelia Sithole-Matarise)