(Yicai Global) Apr. 7 -- Dalian Commodity Exchange will continue to expand by promoting listings of shipping capacity futures and chemical options, said Xi Zhiyong, general manager of DCE, today.
Speaking at the 2021 China Petrochemical Industry (Derivatives) Conference in Hangzhou, Xi said DCE will actively introduce overseas traders of futures and options for various chemical products such as polyethylene and ethylene glycol to further enhance the international influence of DCE's prices.
In addition, while developing the floor trading market, DCE will promote the coordinated development of both the exchange and the over-the-counter market, he added.
Xi stated that the total trading volume on the exchange was 2.2 billion lots last year, with a turnover of CNY109 trillion (USD16.7 trillion) and an average daily open interest of 9.68 million lots, up 63 percent, 58 percent, and 30 percent from 2019, respectively. China's chemical derivatives market has developed into the most active in global transactions, and DCE has also become the world's largest plastic futures market, Xi added.
Editor: Tom Litting