Xinhua reported that China’s securities regulator has approved trading in stainless futures and styrene to provide enterprises with new risk management tools. The Shanghai Futures Exchange can carry out trading in stainless steel futures, and the contracts will be listed for trading on September 25. The Dalian Commodity Exchange can carry out styrene futures trading, and the contracts will be listed for trading on September 26.
Stainless steel futures trading can enrich the steel industry futures series, provide transparent price signals as well as efficient risk management tools for enterprises, according to the CSRC.
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