BEIJING, March 20 (Xinhua) -- China Securities Regulatory Commission (CSRC) approved Dalian Commodity Exchange (DCE) to list liquefied petroleum gas (LPG) futures contracts for trading from March 30, reported Xinhua Finance, a financial information platform run by Xinhua News Agency Thursday.
DCE will launch trading of LPG options contracts on the next trading day after the day when transactions of corresponding LPG futures contracts are reached.
CSRC said inaugurating LPG futures and options contracts trading is good for providing open, continuous and transparent pricing signals and effective risk management tools for related enterprises and fostering stable and healthy development of LPG industry.
China is the largest importing and consumption nation of LPG, an important type of clean energy and raw material for industrial chemicals.
DCE, founded in 1993 and regulated by CSRC, has already become the world's largest agricultural futures market as well as the largest futures market for plastics, coal, and iron ore. It is also an important futures trading center in China. (Edited by Duan Jing, duanjing@xinhua.org)
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