Coal exchange online in November

China's first national coal exchange center is set to begin operations in November in Taiyuan, Shanxi province, Economic Observer reported (in Chinese). The China Taiyuan Coal Trading Center is a joint investment by 29 companies led by Shanxi Coal Transportation and Sales Group, representing US$133 million. The nation's five largest power-generation companies – Huaneng, Datang, Guodian, Huandian and China Power Investment – together hold an 18% stake in the exchange, which will replace an annual coal ordering conference and became the country's main distribution center for coal.