“上海价格”加速迈向全球市场

Core Viewpoint - The opening of nickel futures to foreign investors aims to transform global demand into Shanghai prices, establishing "Shanghai nickel prices" as a reference for the global nickel industry [1][2]. Group 1: Market Development - The China Securities Regulatory Commission has approved the Shanghai Futures Exchange's nickel futures and options for foreign trading, enhancing the internationalization of China's futures market [1][2]. - Nickel is chosen as the first taxable non-ferrous metal futures product for international opening due to its strategic significance in industrial development and its essential role in emerging industries [1][2]. Group 2: Market Functionality - Since its launch in 2015, the nickel futures market has effectively linked futures and spot prices, becoming a crucial pricing reference for domestic trade and widely used by industry chain enterprises for risk management [2]. - The Shanghai International Energy Exchange has also received approval for other products like No. 20 rubber, low-sulfur fuel oil, and international copper options, which have become important hedging tools for related industry chain enterprises [2]. Group 3: Future Initiatives - The Shanghai Futures Exchange is steadily advancing the implementation of internationalization for nickel futures and options, with plans to enrich the supply of international products and improve market operation quality [3].