(Yicai Global) July 5 -- The Shanghai Futures Exchange will strive to kick off futures contracts for stainless steel and low-sulfur bunker fuel oil this year, according to two separate statements from the marketplace and its chief. 

The SHFE will also prepare to launch futures contracts for aluminum oxide and ferrochrome, Chairman Jiang Yan told the Shanghai Securities News today.

China's steel futures have enhanced the pricing leverage of Chinese steel industry players and helped enterprises manage risks, Jiang said, adding that the supply of futures products will be further increased.

Editor: Emmi Laine