1, adhere to the design idea of large variety, make steel futures difficult to be manipulated, maintain market stability, and make the generated price truly reflect market supply and demand.
2. It should have high hedging efficiency and low hedging cost.
3, should be able to truly reflect the dynamic trend of the whole steel market, and can fully reflect the steel industry structure and its changing trend.
4. There should be enough liquidity to attract incremental funds. If the subject matter of steel futures is circulated and traded slowly, it will lead to the cold and cheerless trading of futures contracts and lose the conditions for existence.
5. There should be broad development prospects, otherwise the life cycle of steel futures will be very short, which is not conducive to the role of steel futures.
6. It is best to be in line with the international market, so as to reduce the risk of foreign trade, and on this basis, let China's huge steel market affect the international market, and finally form a steel futures market centered on China.