DALIAN, Aug. 27 (Xinhua) -- The Dalian Commodity Exchange (DCE) announced Tuesday that they are working to speed up the listing of styrene, liquefied petroleum gas, live pig and dry chili futures as well as iron ore options.
The futures will help provide price signals and effective risk management tools, which is especially important as the change of domestic and international economic environment has raised the uncertainties of production and operation activities, said Li Zhengqiang, president of the DCE, at a forum held in the northeastern Chinese city of Dalian.
The DCE said they will also work to accelerate the internationalization of its listed futures and options and to optimize relevant rules. In addition, it will launch a basis trading platform in the near future to make spot trading more efficient, convenient and safer.
China's futures market reported robust growth in the first half of this year (H1) with launches of a slew of new options such as natural rubber, cotton and corn.
The total transaction of the futures markets across the country reached 128.6 trillion yuan (about 17.9 trillion U.S. dollars) in H1, up 33.79 percent year on year, data from the China Futures Association showed.