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Commodities Briefing - Categorized | Commodities Exchanges, Futures and Options, New Launches more

World’s first glass futures lands in China

Posted on 05 December 2012

The world’s first glass futures landed in Zhengzhou Commodity Exchange on Dec.3. The benchmark price of the first glass futures was 1420 yuan per ton. The contract prices tumbled as soon as the market opened, with the price of major contract 1305 falling 7.18 percent to 1319 yuan per ton.
The trading volume of all contract types varying in nine months totaled 720 thousand hands, among which the trading volume of major contract 1305 was nearly 700 thousand hands, accounting for 97 percent. The positions held were nearly 80 hands. All these mark an unusual trading condition of a new type of futures in the domestic market………………………………………..Full Article: Source


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