On June 2, the China Securities Regulatory Commission issued an announcement stating that it approved the registration of alumina futures on the Shanghai Futures Exchange (hereinafter referred to as the Shanghai Futures Exchange), and required the Shanghai Futures Exchange to make various preparations to ensure the smooth launch and stability of alumina futures run.
Background:
my country is the world's largest producer and consumer of alumina, with an output of 81.86 million tons in 2022, accounting for more than half of the world's total.
Alumina, also known as aluminum oxide, is the main raw material for the aluminum industry. 95% is used in electrolytic aluminum smelting and production, and 5% is used in ceramics, chemicals, pharmaceuticals and other fields. Made by precipitation, sintering and other processes. my country's alumina industry has a large scale, sufficient delivery resources, and numerous market players. In recent years, affected by factors such as macroeconomics, industrial policies, changes in supply and demand, and emergencies, the price of alumina has fluctuated frequently, and the demand for enterprise risk management has become increasingly strong. The listing of alumina futures will help optimize the market-based pricing mechanism, and help the industry's transformation and upgrading and high-quality development.
微信扫一扫打赏
