By the opening of the 2014 China Coal Market Forum and Trade Fair, in the city of Taiyuan, Shanxi province, on Dec 12, the coal spot transactions in the China Taiyuan Coal Transaction Center (CTCTC) had exceeded the 100-billion–yuan mark.
The coal transaction center, in the city of Taiyuan, helps acquaint traders with settlement rules and procedures in diverse ways, since it launched the coal spot trading business on Feb 23, 2012.
The center has been cooperating with banks to raise the level and quality of its financial services, which has had a positive effect on trader settlements, efficiency, and finance costs.
By this Dec 12, the total amount of spot transactions at the Trading Center, from Feb 23, 2012 had hit 100.9 billion yuan. With the rapid development of transactions, the settlement amount of railway and highway has been kept steadily growth in the trading center. And, with the opening of the 2014 China Coal Market Summit Forum and Coal Trade Fair, the amount of spot transactions is expected to see a new round of growth.
