China’s Zhengzhou commodity exchange will launch evening trading from Friday for products including cotton, sugar and rapemeal, potentially increasing liquidity to the market and opening up arbitrage opportunities for traders. The new trading hours, from 9 pm until 11:30 pm, will begin on Friday, said a statement from the exchange. The extended hours mean traders can trade for a short period while other exchanges such as New York’s Intercontinental Exchange (ICE), home to the benchmark cotton futures market, are also open…Full Article: The Global Times Dec 2014

Key Point

  • New York’s ICE plans to launch five new futures contracts (including cotton and sugar) in Singapore within the next few months.

ChinaAg Comments

  • In late 2013, the Zhengzhou Commodity Exchange (ZCE) expanded its rice futures contracts from one variety (Indica rice) to three rice varieties (e.g. short-grain rice – Japonica rice and late Indica rice).
  • In late 2012, the ZCE announced plans to expand to include rapeseed and rapeseed meal futures contracts.
  • Founded in 1990, the ZCE was the first experimental futures market approved by the Chinese State Council. The listed products on ZCE includes wheat (including strong gluten wheat and hard white winter wheat), cotton, white sugar, pure terephthalic acid (e.g. PET bottles), rapeseed (including rapeseed oil and meal), early long-grain rice and methanol.

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