China to launch liquefied petroleum gas (LPG) futures and options

Discussion in 'Commodity Futures' started by optquant, Mar 24, 2020.

  1. optquant

    optquant

    China's top securities regulator said Thursday it has given the green light to the trading of liquefied petroleum gas (LPG) futures and options.

    The trading of LPG futures will be launched on the Dalian Commodity Exchange(DCE) starting from March 30, the China Securities Regulatory Commission (CSRC) said in a statement.

    for more specifications of LPG derivatives in DCE http://www.dce.com.cn/DCE/Media_Center/Exchange News/6209213/index.html

    Trading of the futures and options will help provide enterprises with price signals and effective risk management tools, and will boost the steady and sound operation of the sector.

    The CSRC has asked the exchange to make full preparations to ensure the steady operation of the trading.

    China is currently the world's largest importer and consumer of LPG, an important type of clean energy and raw chemical materials, according to the statement.

    for more info about China derivatives market, can visit https://fangquant.com/node/policy
     
    AKUMATOTENSHI and Here4money like this.
  2. maxinger

    maxinger

    Most of China products are not open for foreigners to trade.
     
    Last edited: Mar 24, 2020
  3. Nighthawk

    Nighthawk

    Thanks for posting! :thumbsup:
     
  4. optquant

    optquant

    well, for some commodity futures, the market is open to foreigners and not require QFII or RQFII,like TSR-20 rubber, crude oil, PTA and iron ore .

    For LPG futures,my guess is that for it's quite close to crude oil, there's good chance CSRC will open it to foreign investors soon.

    Can see some of their news here https://fangquant.com/t/735#reply0
     
    maxinger likes this.