Significance of listing coke futures;
(1) Control risk
Coke production enterprises can use coke futures to sell long-term coke in advance and lock in corporate profits; On the contrary, consumer enterprises can also solve the cost pressure by purchasing coke in advance.
(2) price discovery
The price of coke is formed according to market supply and demand. After the listing of coke futures, traders from all over the world brought a lot of supply and demand information, and the transfer of standardized contracts increased market liquidity. The price formed in the coke futures market can truly reflect the relationship between supply and demand of coke spot, and at the same time provide reference price for the spot market.