Shanghai Futures Exchange to roll out its alumina futures contract by first half of 2021
According to a Reuters report, Shanghai Futures Exchange (ShFE) has announced the new plan to launch alumina futures contract by the first half of 2021. The contract was slated for launch in 2019.
"We hope for a first-half listing," Ge Wanwan, senior manager at the ShFE said at the sidelines of the China International Copper Forum in the southeastern city of Xiamen.
China has some of the most liquid commodities futures markets. Shanghai exchange currently trades futures contracts in aluminium, copper, zinc, lead and flagship steel products. The country also plans to gain more traction from foreign investors and companies and has international futures products such as crude oil and iron ore.
According to data from the China's National Bureau of Statistics, alumina production in China came in at 41.28 million tonnes in the first seven months of 2020.
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