期货市场“含绿量”不断提升

Core Insights - The Chinese futures market has significantly increased its "green content" in recent years, establishing a diversified system of green futures products focused on new energy metals, clean energy, and recycled metals [1] Group 1: Market Development - By November 2025, the Chinese futures market will have listed multiple green futures products, including lithium carbonate, polysilicon, industrial silicon (new energy metals), low-sulfur fuel oil, liquefied petroleum gas (clean energy), and casting aluminum alloy (recycled metals) [1] - The operation of these green futures products has been stable, with overall price increases observed in the second half of this year: polysilicon prices rose by 60.2%, lithium carbonate by 40.1%, industrial silicon by 15.3%, and casting aluminum alloy by 6.6% [1] Group 2: Trading Activity - Trading activity for green futures has been robust, with average daily trading volume and open interest reaching 2.489 million contracts and 1.884 million contracts, respectively, representing increases of 126.2% and 55.6% compared to the first half of the year [1] - Industrial clients are actively using green futures to manage risks, with the proportion of institutional holdings steadily increasing to approximately 70% [1]