(China Glass Network) The world’s first glass futures was listing on Zhengzhou Commodity Exchange. It is also the first building material kind futures. Glass futures contract adopts complete factory delivery which only has 13 factories on the first phrase. The Zhangzhou-based Kibing Group is one of the delivery factories which is also the only one based on Fujian. After listing, the glass futures concluded the transaction in a big quantity but the knock down price had dropped a lot. The main contract 1305 has declined even 7 percent. The price declined to less than 1300 yuan on Tuesday and on Monday, the price finally remained stable.
Source:
http://www.glassinchina.com/news/newsDisplay_19523.html
