07
Sep
06:35
SHFE to launch stainless steel futures in 2018
Shanghai Futures Exchange (SHFE) aims to launch stainless steel futures in 2018, according to the China Stainless Steel Council (CSSC). SHFE and CSSC held a research meeting on 5 September to discuss a range of topics relating to the launch.
These included stainless futures premium and discounts’ setting, acceptance standards, delivery and whether night trading should be a feature of the system, Kallanish notes.
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Very good overview of the weekly steel market.
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