SHFE to Launch Lead and Silver Futures at Proper Time

BEIJING, Sept. 21 -- The Shanghai Futures Exchange (SHFE) will launch new futures products such as lead and silver at the appropriate time to meet the demands of the national economy and real industries, said Yang Maijun, general manager of the SHFE.

    As transactions of nonferrous metals futures have been expanding, the SHFE will further its efforts to optimize both its product structure and the price setting mechanism to more effectively serve the real economy, noted Yang during the Third China Nonferrous Metals Spot Market and Futures Market Summit.

    As one of the global metals pricing centers, the SHFE has played an increasingly more important role in distribution of metals resources.

    By September 18, the SHFE's transaction volume had reached 543 million lots, valued at 49.59 trillion yuan, including 214 million lots for copper, aluminum and zinc futures products valued at 31.49 trillion yuan

    The Shanghai Futures Exchange now lists eight futures products for trade including copper, aluminum, zinc, steel wire rod, rebar, natural rubber, fuel oil and gold.

    (Source: Xinhua)