Shanghai Futures Exchange consults on aluminium alloy futures and options rules

FILE PHOTO: A man wearing a protective mask is seen inside the Shanghai Stock Exchange building, as the country is hit by a new coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020. REUTERS/Aly Song/File Photo
Reuters/REUTERS

The proposed contracts will be based on ADC12 aluminum alloy and priced in yuan per metric ton, with daily price limits set at 3% of the previous day's settlement

Violet Li and Lewis Jackson Editing by David Goodman, Reuters News

April 25, 2025

PHOTO
FILE PHOTO: A man wearing a protective mask is seen inside the Shanghai Stock Exchange building, as the country is hit by a new coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020. REUTERS/Aly Song/File Photo

BEIJING: The Shanghai Futures Exchange issued a public consultation notice on Friday regarding draft rules for aluminium alloy futures contracts, options contracts and business guidelines, with a deadline for comments set for May 6, 2025.

The proposed contracts will be based on ADC12 aluminum alloy and priced in yuan per metric ton, with daily price limits set at 3% of the previous day's settlement.

ADC12, an aluminium alloy primarily composed of scrap aluminium, is used extensively in the automotive and home appliance sectors.

Reuters

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