Dachang signed strategic cooperation agreement with Coal Industry Association

On December 4, the "2020 national coal trade fair" hosted by China Coal Industry Association and organized by China Coal Marketing Association was held in Rizhao, Shandong Province. At the meeting, Dalian Commodity Exchange (hereinafter referred to as "GSE") signed a strategic cooperation agreement with China Coal Industry Association. Xi Zhiyong, general manager of Dashang Institute and Zhang Hong, Secretary of Discipline Inspection Committee of China Coal Industry Association signed the contract on behalf of the two units respectively. According to the contents of the agreement, both parties will jointly promote the feasibility study of listed coal futures such as gas coal, and demonstrate the contract scheme of the products in combination with industrial opinions, so as to create a positive listing environment. At the same time, the two sides will jointly study the development trend of the coal market, promote data sharing, cooperate to organize industry and industry meetings, forums, research and other activities. The signing of this contract will promote the cooperation between the Institute, coal industry association and relevant enterprises in the coal industry, jointly cultivate the market, and lay a solid foundation for the maintenance of new types of futures, such as gas coal futures, and coking coal coke. "The signing of the cooperation agreement marks the beginning of a new chapter of comprehensive cooperation between the two sides in the development of futures products, industrial market development, information exchange and cooperation." Said Xi Zhiyong, general manager of the Institute. The reporter learned at the meeting that in 2018, GSE was approved to study the listed gas and coal futures. According to the national standard classification, gas coal is a kind of bituminous coal, which accounts for a large proportion of the proven coking coal reserves in China, and is widely used in power generation, coking, chemical industry, building materials cement and other fields. Listing gas coal futures can better serve gas coal production and consumption enterprises, and provide convenient services for coal mines, power plants and coking plants to use gas coal futures hedging. At present, Dachang has become the largest coal futures market in the world, and coke and coking coal futures have gradually become an important production, operation and risk management tool for the coal and coke industry. Gas and coal futures is a powerful expansion of the variety sequence of the coal and coke industry chain of Dachang Institute. At present, the Institute is steadily promoting the research work related to gas and coal futures. Founded on March 18, 1999, China Coal Industry Association is a comprehensive social organization of the coal industry in China, which is managed by the state owned assets supervision and administration commission entrusted by the State Council and approved by the Ministry of civil affairs. At present, China Coal Industry Association has 1176 member units, basically covering coal production and sales, capital construction, machinery manufacturing, geological exploration and other enterprises and institutions. The coal output of member enterprises accounts for about 80% of the national coal output, with a wide range of industry influence.