China SHFE plans to launch alumina futures contract in 2021

Discussion in 'Commodity Futures' started by optquant, Sep 14, 2020.

  1. optquant


    China's Shanghai Futures Exchange (SHFE) expects to roll out its alumina futures contract, which was initially scheduled for launch in 2019, by the first half of 2021, an official from the bourse said on Friday Sep 11,2020 .

    Ge Wanwan, senior manager at the SHFE, however, did not elaborate on reasons for the delay in the launch.

    China produced 41.28 million tonnes of alumina, the raw material used to make aluminium, in the first seven months of this year, according to data from the China's National Bureau of Statistics.

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