PEOPLE’S DAILY: HOT-ROLLED COIL FUTURES APPROVED TO BE LISTED

Updated on Mar 18,2014

2014-03-18

By Xie Weiqun

Lately, the China Securities Regulatory Commission (CSRC) officially released the “Approval of the Listing of Hot-rolled Coil Futures Contract on the Shanghai Futures Exchange (SHFE)” and approved the SHFE to list hot-rolled coil futures contract for trading. According to the CSRC’s approval, the exact date of listing the relevant contracts will be decided by the SHFE according to the market situation and the progress of all preparatory work.

China is a giant for manufacturing, consumption, and export of hot-rolled coil. As hot-rolled coil, with a high marketization level, shows salient price fluctuations, enterprises have a great risk-avoiding demand. The launch of hot-rolled coil futures will help to enhance the influence of China’s steel prices in the international market, increase enterprises’ risk management methods, and complete China’s steel futures series.