It is reported that with a contract already signed between Chaoyang Business District in Beijing and the coal trade center, the later is expected to be soon settled down in CBD.

This means that China coal market reform is stepping into a substantial phase and that the so called coal purchase meeting which was held once a year will soon withdraw from the stage of coal business if everything goes on well.

An insider of the coal trade center said that when the center is set up, coal trade volume will reach 600 million tonnes to 800 million tonnes annually. The threshold for trading is 300,000 tonnes.

The main coal varieties for trade will center on thermal coal and coking coal, which will be transported mainly through railway and by sea. In due time the center will hold coal trade rallies, spot trade, trade through counter and futures trade on a periodical basis.

(Sourced from MySteel.net)
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