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(Yicai Global) Sept. 10 -- The Zhengzhou Commodity Exchange, one of China's main platforms for trading agricultural futures, ispondering the introduction of new contracts for jujube, urea, coffee and peanuts, according to its president.
The exchange, based in the capital of east-central Henan province,nowlists contracts formethyl alcohol, cotton,purified terephthalic acidand steam coalfor heat and power generationalong with 14other futures, Chen Huaping said at a forum held yesterday.
Opened in October 1990, the Zhengzhou Commodity Exchange was the country's first pilot futures market, according to its website.
It isalsomullingmoreoptions forcotton and PTAamong other products,Chen said, adding the exchangewillalsoopen further byofferingPTA products to overseas traders.
Jujubes, also known as Chinese dates, are the fruit of a species of buckthorn tree.Ureaisa colorlessnitrogencompound inmammalurineusedas a fertilizerand feed supplement, as well as abasefor plastics andmedicine.PTAis an ingredient inpolyester fiber, bottle resin and film, public information shows.
Editor: Ben Armour