Shanghai Futures Exchange: Orderly promote the research and development of futures products for battery metals and related materials, explore and promote the internationalization of nickel futures solutions

On April 2nd, Jinshi Futures reported that on March 29th, the 6th meeting of the 4th Council of the China Nonferrous Metals Industry Association and the 7th meeting of the 4th Executive Council were held in Beijing. Zhang Ming, Deputy General Manager of the Shanghai Futures Exchange, stated that the next step for the Shanghai Futures Exchange is to fully leverage the decisive role of the market in resource allocation and broaden the usage scenarios of futures prices. The second is to focus on green development and advantageous mineral resources, and accelerate the supply of varieties. The Shanghai Futures Exchange will promote the inclusion of green aluminum and recycled lead in the delivery system, actively develop casting aluminum alloy futures varieties, accelerate the research and development of advantageous mineral futures varieties such as tungsten and magnesium, and orderly promote the research and development of futures varieties for battery metals and related materials; Enriching the international product system of existing varieties and promoting the overseas layout of delivery warehouses; Seize the opportunity to restructure the global nickel pricing system and explore and promote internationalization solutions for nickel futures. The third is to remove barriers to enterprise participation and promote high-level opening-up to the outside world. Improve the accounting standards for hedging, optimize the assessment and audit mechanisms for enterprises participating in the futures market, and encourage and support physical enterprises to build professional talent teams; Promote the high-level opening up of the futures market to the outside world, and accelerate the integration of relevant systems with the international market. Fourthly, we will continue to comprehensively deepen and comprehensively enhance our strategic cooperation relationship with the China Nonferrous Metals Industry Association.