我国首个再生金属期货产品挂牌上市

Core Viewpoint - The launch of casting aluminum alloy futures and options on the Shanghai Futures Exchange marks a significant development in China's futures market, providing essential risk management tools for the non-ferrous metal industry [1][2]. Group 1: Market Launch - Casting aluminum alloy futures and options were listed on June 10, 2023, with futures trading starting at 9 AM and options at 9 PM [1]. - This is the first recycled metal product in China's futures market, aimed at enhancing the risk management product lineup for the non-ferrous metal industry [1]. Group 2: Industry Impact - The casting aluminum alloy is a primary method for recycling waste aluminum, contributing significantly to energy conservation and emission reduction [1]. - According to the China Nonferrous Metals Industry Association, the production of casting aluminum alloy in China is expected to exceed 10 million tons in 2024, indicating a growing demand for effective price risk management tools due to increasing price volatility of raw materials like waste aluminum [1]. Group 3: Trading Performance - As of June 10, 2023, by 3 PM, the trading volume of casting aluminum alloy futures exceeded 57,300 contracts, with an open interest of 11,500 contracts and a transaction value of 11.011 billion yuan [3]. Group 4: Industry Leadership - The Chairman of the Licheng Sihua Light Alloy Group emphasized the need for a unified pricing mechanism in the industry, as the prices of raw materials have increasingly diverged from aluminum prices, complicating hedging efforts [1]. - The listing of casting aluminum alloy futures is expected to provide richer risk management tools, helping companies better lock in prices and enhance their competitiveness [1]. Group 5: Future Prospects - The Chairman of the Shanghai Futures Exchange noted that the introduction of these futures and options will further support the high-quality development of China's aluminum industry, enhancing operational efficiency and ecological sustainability [2].