China Launches Coke Options to Expand Ferrous Risk Management
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Coke is an indispensable basic raw material for the steelmaking and coal chemical industries. Photo: VCG
China’s Dalian Commodity Exchange officially launched coke options on Wednesday, completing the derivative toolkit for the country’s sprawling ferrous metals supply chain.
The new financial instrument allows steelmakers and trading firms to better hedge against severe price volatility fueled by domestic mine supply disruptions and sluggish industrial demand in the world’s largest producer of the steelmaking fuel.
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