The previous study listed aluminum alloy, alumina and recycled metal

On November 19th, the tenth Asian Copper Conference was held in Shanghai, one of a series of activities of the 2014 Asian Copper Week. This year's Asian Copper Week is the third time that the Shanghai Futures Exchange has organized a world-class copper industry event jointly with the Chilean Copper and Mining Research Center (CESCO). Liu Nengyuan, general manager of the last period, pointed out that the non-ferrous metal industry has developed into one of the most internationalized and market-oriented industries in China, adapting to the trend of open integration of regional economy and upgrading of industrial structure. Funds, technology, information, and talents will further converge on non-ferrous metals. In the metal industry, a new round of development of the non-ferrous metal futures market is poised to take off.

Data show that from January to October this year, the total volume of transactions in Shanghai's commodity futures market was 1.24 billion in bilateral calculations, accounting for 32.4% of the country's total turnover; the total turnover was 100.2 trillion yuan, accounting for 24.5% of the country's total turnover. Among them, non-ferrous metals traded 210 million lots and 35.1 trillion yuan, up 48% and 11.5% year-on-year respectively; copper futures turnover was 120 million lots and 27.9 trillion yuan, and turnover accounted for about 28% of the total turnover in the previous period. At present, the company has registered 27 brands in the last period, with a registered annual output of 5.24 million tons; 30 overseas registered brands, and registered 6.57 million tons of annual output, and its market influence continues to increase.

Liu Nengyuan pointed out that the continuous expansion of the futures industry and the acceleration of innovation have brought about an increase in the overall strength of the market. The impact of non-ferrous metal futures prices at home and abroad has become increasingly significant. On this basis, a win-win model has been formed between the copper futures market and the spot industry to promote and coordinate development. The number of customers and institutional customers in the copper industry has continuously increased. The demand for hedging and arbitrage has increased steadily. The price of copper futures is in the domestic copper spot market. The authoritativeness of the price system can be consolidated, and the guiding ability in the global non-ferrous metal pricing system is increasingly consolidated.

He further stated that in the face of the ever-increasing risk management and price information requirements of the real economy, the non-ferrous metal futures market will accelerate the transformation of products and services. In terms of improving the product line, the last period is actively promoting the listing of tin and nickel futures, promoting the development of related derivative products such as non-ferrous metals index futures and copper options, and studying the feasibility of listing futures contracts such as aluminum alloy, alumina and recycled metal. Sex, through the refinement of the structure of non-ferrous metal products, to meet market diversification of hedge and investment needs.