Spot trading picks up 1500 coal traders in Taiyuan

Since the coal spot trading in the China (Taiyuan) Coal Trading Center started operations on February 23 this year, under the close cooperation of the major coal groups in the province and the coal users inside and outside the province, the registration of the dealers has made breakthrough progress. As of November 28, the number of registered dealers reached 1,512.

At the same time as the number of registered traders achieved a breakthrough, the trading center coal spot trading also made a breakthrough. On October 31, the total amount of coal listed transactions in the trading center reached a total of 10.04 million tons, breaking the 10 million tons mark. Since November, with the coal market picking up, the number of listed transactions has steadily increased. In the nine days from November 1 to September 9, the transaction volume reached 2.16 million tons, which exceeded the number of months listed in August and September. The sum of trading volume. From the opening of the market to November 9, the total volume of listed transactions reached 12.21 million tons, and the transaction amount reached 8.8 billion yuan.

Since the second quarter of this year, the coal market has continued to slump, and individual coal types and local markets have experienced “difficulties in sales, difficulties in unloading, and difficulties in repayment”. To this end, the trading center launched a multi-form, multi-level coal spot trading promotion activities, actively promote coal spot trading, and communicate with the major coal production and operating companies in the province to ensure that the number of registered traders continues to increase. In addition, the trading center is also trying to guide enterprises, use trading platform to expand sales channels, improve transaction efficiency, and constantly improve the third-party service platform to provide traders with transaction, settlement, information and other services.