China launches aluminum, zinc options to serve real economy


Source: bignewsnetwork.com bignewsnetwork.com

Key Topics in this News Article:

News Snapshot:

SHANGHAI, Aug. 10 (Xinhua) -- China on Monday launched the trading of two commodity derivatives, aluminum options and zinc options, to better serve the real economy. On the first trading day, call and put options contracts were listed at the Shanghai Futures Exchange, with underlying aluminum futures contracts to be delivered from October 2020 to January 2021, and zinc futures contracts to be delivered in October and November 2020. The total trading volume for the contracts of the two options was 10.7 million yuan (about 1.53 million U.S. dollars) on Monday, reflecting active transactions. China is the world's largest production...