2011-04-13: 33:13 Author: Source: Number of visitors: 0 The United States, Australia, South Africa, Japan and other countries selected thermal coal, coking coal and other varieties, and still found and hedged. For example, South Africa is coal futures, Australia is thermal coal, Japan is coking coal, and the United States uses a major coal in the Appalachian Central Mountains as coal futures (abbreviated as CAPP coal futures).

When it was first introduced, the global liquidity of CAPP coal futures was poor, which only reflected and affected the coal supply and demand in the United States to a great extent, but could not reflect, measure and regulate the global coal supply and demand and related situations.

Nevertheless, CAPP coal futures provides a risk management option for the power industry and a new and necessary risk management tool for the coal industry. By selling futures contracts, coal producers will lock the sales price of a certain amount of coal planned to be produced in the next few months at a fixed level. The power sector hedges the coal to be transported by purchasing coal futures contracts to prevent the price from rising.

The operation of CAPP coal futures market has brought a lot of supply and demand information to traders in all directions. The price market formed by the futures market still reflects the actual supply and demand situation to a certain extent, and provides a reference price for the spot market, which basically plays the role of the current price. Upload: Zhao Zhichao