Liu Nengyuan: A new round of development of non-ferrous metal futures is poised for development
At the 10th Asian Copper Conference held yesterday, Liu Nengyuan, general manager of the previous period, said that the non-ferrous metal industry has developed into one of the most internationalized and market-oriented industries in China, conforming to the trend of regional economic openness and integration, industrial structure upgrading and innovation. The funds, technology, information and talents will be further concentrated in the non-ferrous metals industry, and a new round of development in the non-ferrous metal futures market is poised for development.
According to the data released in the previous period, from January to October this year, the total volume of Shanghai commodity futures market was 1.24 billion hands, accounting for 32.4% of the country's total transaction volume; the total turnover was 100.2 trillion yuan, accounting for 24.5% of the national total transaction volume. . Among them, non-ferrous metal futures sold 210 million hands and 35.1 trillion yuan, an increase of 48% and 11.5% respectively. In particular, copper futures traded 120 million hands and 27.9 trillion yuan, accounting for about 28% of the total turnover of the previous period. At present, there are 27 domestic registered brands in the previous period, with an annual registered output of 5.24 million tons; 30 overseas registered brands with an annual registered output of 6.57 million tons, and the market influence is continuously improved.
"The continuous expansion of the scale of the futures industry and the acceleration of the pace of innovation have brought about an increase in the overall strength of the market. The impact of non-ferrous metal futures prices at home and abroad is increasingly significant." Liu Nengyuan said that Shanghai copper prices are leading in the global non-ferrous metal pricing system. It has become more stable.
At present, the previous period is actively promoting the listing of tin and nickel futures, developing related derivatives such as non-ferrous metal index futures and copper options, and studying the feasibility of futures contracts such as aluminum alloys, alumina and recycled metals.
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