Since the coal spot trading at the China (Taiyuan) Coal Trading Center commenced operations back on February 23 this year, significant strides have been made thanks to the strong collaboration between major provincial coal groups and coal consumers both within and outside the province. By November 28, the number of registered dealers had surged to 1,512.
The growth in registered traders was mirrored by an impressive expansion in coal spot trading activities at the center. On October 31, the total volume of listed coal transactions hit 10.04 million tons, surpassing the 10 million ton milestone. Since November, with the coal market showing signs of recovery, the number of listed transactions has continued to rise steadily. Between November 1 and November 9 alone, the trading volume reached 2.16 million tons, exceeding the combined monthly totals for August and September. By November 9, the cumulative volume of listed transactions stood at 12.21 million tons, with a total transaction value reaching 8.8 billion yuan.
This year, the coal market has faced challenges since the second quarter, with certain coal types and regional markets experiencing difficulties in sales, unloading, and payment collection. In response, the trading center initiated various forms of promotional activities aimed at boosting coal spot trading. They worked closely with major coal producers and operators in the province to ensure steady growth in registered traders. Additionally, the center explored ways to guide enterprises in leveraging the trading platform to broaden their sales channels, enhance transaction efficiency, and refine its third-party service platform to offer traders comprehensive services, including transactions, settlements, and information support.
As the market continues to evolve, the China (Taiyuan) Coal Trading Center remains committed to fostering innovation and collaboration within the industry. With these efforts, it aims to play a pivotal role in stabilizing the coal supply chain while addressing current market challenges.
Angle Valves
What does angle valve do?
An angle valve has an inlet and an outlet port which are perpendicular to each other. It is sorted as the manual valves and it is usually used to prevent or control the flow of a liquid in a pipe and this is the reason for it is sometimes called simply as stop valve.
What type of valve is an angle valve?
Also called compression valves, angle stop valves are the emergency shutoff valves located under each water-using appliance and fixture in your home.
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