September 30, 2013

 

China approves trading of egg futures on Dalian Commodity Exchange
 

 

The China Securities Regulatory Commission (CSRC) has approved the trading of egg futures on the Dalian Commodity Exchange, where the exchange can find an appropriate time to launch the egg futures in line with market conditions.

 

While trying to improve the structure of the economy, China has sped up the expansion of its commodity futures markets this year as the government hopes to offer companies more hedging tools. Beijing also hopes to have a bigger say in pricing of major commodities globally.

 

China's Zhengzhou Commodity Exchange launched trading in steam coal futures on Thursday (Sep 26), while the Shanghai Futures Exchange has said it would start trading a futures contract for road-paving material bitumen on October 9.

 

Industrial sources said that regulators are also considering allowing trade in futures of crude oil, iron alloys and a slew of agricultural products.