China to Offer More New Derivatives Next Year, Exchange Heads Say
Liao Shumin
DATE:  Dec 02 2019
/ SOURCE:  yicai
China to Offer More New Derivatives Next Year, Exchange Heads Say China to Offer More New Derivatives Next Year, Exchange Heads Say

(Yicai Global) Dec. 2 -- China's derivatives markets plan to offer a broader range of futures and options in the coming year after adding a record 14 new products in 2019, according to heads of major exchanges who spoke at the China Shenzhen International Derivatives Conference on Nov. 30.

The Dalian Commodity Exchange plans to add futures for live pigs, liquefied petroleum gas and container freight indexes, said Chairman Li Zhengqiang, who also plans to research options for gas coal, scrap steel, chicken meat, fructose corn syrup, ethanol, timber and chemicals.

Shanghai hopes to bring in low-sulfur fuel oil futures in the first quarter of next year, added the Shanghai Futures Exchange's General Manager Wang Fenghai. The exchange will also look to add crude oil, zinc and aluminum options next year, research futures for aluminum oxide, ferrochrome, refined oil and natural gas, and list options and futures for the non-ferrous metals index.

The city will also make container freight index and low-sulfur fuel oil futures available to overseas investors via the Shanghai International Energy Exchange.

The Zhengzhou Commodity Exchange aims to bring in futures for polyester staple fiber and bottle chips, pyroxenes and peanuts, according to General Manager Lu Dongsheng. It also hopes to add options for thermal coal and glass, he added.

Editor: James Boynton

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Keywords:   Chinese Future Exchanges