China’s commodity bourse ZCE set to launch PX futures contract Sep 15 denominated in yuan

China’s Zhengzhou Commodity Exchange, or ZCE, announced on its website Sept. 8 that it will launch its paraxylene futures contract on Sept.15, trading in lots of 5 mt and denominated in yuan. The contract, with the physically delivery method, would have the place of delivery as an “Exchange Designated Delivery Location,” ZCE said. Trading would take place in two to…China’s Zhengzhou Commodity Exchange, or ZCE, announced on its website Sept. 8 that it will launch its paraxylene futures contract on Sept.15, trading in lots of 5 mt and denominated in yuan. The contract, with the physically delivery method, would have the place of delivery as an “Exchange Designated Delivery Location,” ZCE said. Trading would take place in two to…  Read More