[Ferro-Alloys.com] China's securities regulator Friday said it has approved trading in stainless futures 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 Sept. 25, said the China Securities Regulatory Commission (CSRC).
Stainless steel is a crucial steel product. China is the largest producer and consumer of stainless steel, according to the CSRC.
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. (Xinhua)