China to set up Asia’s first carbon-credit exchange

China, set to overtake the United States as the world’s largest carbon dioxide emitter, will soon set up Asia’s first carbon-credit exchange in Beijing, allowing the country a head-start in the multi-billion-dollar global carbon market.




Many mutual funds that invest abroad had sizeable 2006 gains that bore the stamp “made in China” but recent volatility in that country’s stock markets have cast some doubt onto this year’s returns.

China, poised to pass the US as the world’s largest carbon dioxide emitter, will set up the country’s first carbon-credit exchange to let companies profit from cutting greenhouse gases.

metals today

GOLD FAILED AGAIN TO BREAK 660$ MARK
MARKET IS BULLISH ON ABOVE IN SILVER 20225 AND GOLD 9512.
SELL SILVER @ 20100-20150 S/L 20220 TGT 19956-19870-19820
SELL GOLD ON RISE TILL 9440-9460 S/L 9494 TGT 9418-9402-9386
LOOK TO SELL CRUDE ABV 2610-20 S/L 2636 TGT 2574-2565
BUY CRUDE TILL 2515-25 S/L BELOW 2500 TGT 2548-2575
COPPER ALL BAD NEWS CAME OUT IN LAST 2MONTHS
TECHNICALLY COPPER LOOK WEAK ONLY BELOW 236 ELSE VERY STRONG
BUY COPPER 239-240.50 S/L 236 TGT 244-246-248-254 (1-2 DAYS)
SELL COPPER ONLY BELOW 236 S/L 240 TGT 234-232-228
MENTHOL SPOT IS AT 628.
BUY MENTHOL FEB ABV 604 S/L BELOW 596 TGT 608-612-618-622

commodities Today

MCX
08.02.2007
SILVER March :- Today buy only above 20212 with the stop loss below 20110 the target of 20350-20400.
COPPER :- Any rise to 244-246 can be utilized to sell OR can sell below 238.
Mentha Oil Feb :- Have close eye on Mentha Today... Details for clients.
GOLD April :- Details for clients.
POTATO March :- Details for clients.
ZINC :- Details for clients.
Cardamom Feb :- Details for clients
NCDEX
TRADING STRATEGY FOR 8th FEB 2007
Chilli March :- Sell below 4078 or the target of 4030-4000. Anytime close below 3990 will be bearish.
PEPPER :- Details for clients.