First Methanol Futures Contract Delivered

Date: March 19, 2012
Source: Futures Daily

¡¡¡¡With coordinated efforts made by various market participants, Zhengzhou Commodity Exchange¡¯s methanol contract was successfully delivered on March 15. Poisonous, inflammable, and explosive when it¡¯s vaporized and mixed with air, methanol is a hazardous chemical. The contract is China¡¯s first hazardous chemical futures contract, attracting the market¡¯s attention throughout the full cycle from launch to delivery.
¡¡¡¡It is learned that the buy and sell sides are now going through the procedures to hand over warehouse warrants and make payment.

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