In an attempt to pump up aluminum trading and encourage rational investment, SHFE will organize a simulated trading contest on aluminum contract.

Electrolyzed aluminum is a key industrial raw material. Since 2001, China’s aluminum output has jumped to world top one and the consumption come to the second. China has become the focus of the global aluminum industry. Despite the fast growth of the domestic aluminum industry, however, aluminum futures contract trading has not risen yet. In order to address that problem, the exchange will hold such a contest to promote aluminum futures trading and make SHFE aluminum market more adapted to the diversified needs of the market users.

People from the domestic futures brokerage firms and reputed financial and business information providers join with SHFE in organizing this event. This contest features some special programs, such as Follow Me, which presents the practical trading techniques guiding fresher how to start, Celebrity Salon, which set up a platform for the communications between investors and the futures trading professionals.

To activate aluminum trading has always been at the top of SHFE agenda. SHFE has done a lot of work in recent years to make companies and investors know more about the product potential and participate more, for example, it has initiated quite a number of training programs for aluminum producers and manufacturers, set up extra delivery warehouses in key consumption areas of the country, made great efforts in marketing and slashed the trading costs. These efforts have borne fruit. On Oct. 23, the open interest and day trading volume reached a new high since the product was launched in 1993 with 137,000 lots in open interest and 7.07 billion yuan. The member participants rose from less than 100 to 170.