BEIJING(Commodity Online): China's second largest commodity exchange, the Zhengzhou Commodity Exchange(ZCE) planned to introduce methanol futures trading at the end of this month.
The Exchange has already submitted an application to the China Securities Regulatory Commission (CSRC), and is ready to launch methanol futures trading once it receives approval.
According to Shanghai Securities News, methanol futures trading is most likely to begin trading at end October.
According to some futures companies, the minimum margins for a methanol futures trading contract would be about 20,000 yuan, based on the current spot price of 3,200 yuan per ton for methanol.
Since 2011, Shanghai Futures Exchange had launched lead futures trading, while the Dalian Commodity Exchange had started coal futures trading.
Methanol prices at Zhangjiagang Port had risen from about 2,800 yuan at the beginning of 2011 to 3,200 yuan, an increase of about 15 percent.
Industry experts attributed the price hike to limited stocks circulating in the market, and to the fall in inventories at the ports
