The CSRC announced on September 30, 20 19 that it recently approved the Shanghai Futures Exchange to conduct stainless steel futures trading, and its contract was officially listed and traded on September 25; Dalian Commodity Exchange was approved to conduct styrene futures trading, and its contract was officially listed and traded on September 26th.
Stainless steel is one of the important steel products, and China is the largest producer and consumer of stainless steel in the world. Carrying out stainless steel futures trading can enrich the futures variety sequence of steel industry, provide open, continuous and transparent price signals and efficient risk management tools for industrial chain enterprises, and promote the stable operation of relevant entities and the stable and healthy development of stainless steel industry.
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As the most important steel product in China's special steel industry, stainless steel is widely used in architectural decoration, transportation, aerospace, petrochemical industry, energy generation, food processing, environmental protection and medical treatment because of its good performance. In 20 18, the output of stainless steel in China reached 267 10000 tons, making it the largest stainless steel producer and consumer in the world and occupying an important position in the world stainless steel market.
Stainless steel industry has a high degree of marketization, diverse market players, frequent price fluctuations and strong demand for hedging. The launch of the world's first stainless steel futures will help standardize the circulation order, promote the formation of an open and fair pricing mechanism, further enhance China's pricing influence in the international stainless steel market, and provide price risk management tools for relevant industrial chain enterprises.
Central People's Government-China Securities Regulatory Commission approves futures trading of stainless steel and styrene.
Yang guang. Com- the last issue was approved for stainless steel futures trading.