Core Viewpoint - Shanghai is enhancing its international influence in the non-ferrous metal futures market through a comprehensive action plan aimed at increasing the number of open products and improving the pricing power of "Shanghai prices" globally [1][4]. Group 1: Market Development - The number of open products has increased to 32, accounting for over 70% of the listed products [1][3]. - Shanghai Futures Exchange has listed 25 futures and 18 options, covering all major non-ferrous metal varieties, including copper, aluminum, zinc, and lead [2][3]. - The non-ferrous metal futures sector, represented by Shanghai copper, has become one of the most mature and widely participated commodity futures sequences in China, ranking among the global pricing centers for non-ferrous metals [2][3]. Group 2: Action Plan Measures - The action plan includes 18 specific measures to enhance the global pricing capability of non-ferrous metal commodities [4][5]. - It aims to strengthen the interconnection between futures, spot, and derivatives markets, enhancing operational efficiency and safety in the spot market [5]. - The plan seeks to elevate the internationalization of the futures market and expand the influence of "Shanghai prices" through high-level institutional opening and innovative cross-border delivery mechanisms [5]. Group 3: Future Implementation - The Shanghai Municipal Financial Office will collaborate with relevant units to accelerate the implementation of the action plan, focusing on market interlinkage and supporting the real economy in the non-ferrous metal sector [6].
期现联动做强“上海价格”,有色金属大宗商品能级再提升
Di Yi Cai Jing·2026-01-20 12:27