Study Of Shaanxi Coal Trading Center Operations Model

Coal is an important strategic resource, but China’s current trade pattern is not only lagging behind the world’s major coal-producing advanced countries, but also not mature relative to the domestic foreign exchange, food, oil, metals and other commodities trading model. Coal resources should play a regulatory role in national economic development with market-oriented price mechanism in China. But the reality of traditional trading patterns play a role in the regulation is not satisfactory, for information asymmetry due to the market price of coal less standardized, high transaction costs of coal, coal distribution and less efficient.In this context, the paper analysis various types of coal trading center in China, compares their respective strengths and weaknesses, is order to design Shaanxi coal trading center trading patterns. The first, it develops spot trading business, on this basis, makes long-term spot trading, Progressively, develope futures trading. Based on reality, and steadily promote the application of coal trading patterns.This paper argues that Shaanxi Coal Trading Center operations should include the "1+N" transaction mode,"1" refers to transactions,"N" refers to a number of command transaction-related information, an integrated trading, logistics and distribution, financial services and other services. In the process of development, Shaanxi Coal Trading Center should be to sell coal-line spot trading as a breakthrough, the use of special fairs and trade fairs to attract key clients to join an integrated trading center. In order to lay financial services infrastructure for third-party payment for long-term spot trading in futures, it should complete the "pay business license" through the application materials, to work early to get the qualification of non-financial institutions. We expect that the trading center can develop trading platform perfectly as soon as possible in future. This can provide a reference for the national coal trading market reference, in order to promote early maturing of China’s coal market.