By Emily Chow
SHANGHAI, Could 26 (Reuters) – A subsidiary of the Shanghai Futures Change (SHFE) will listing crude oil choices on June 21 and make them obtainable to worldwide merchants, SHFE Chairman Jiang Yan mentioned on Wednesday on the 18th Shanghai Derivatives Market Discussion board.
The subsidiary, Shanghai Worldwide Vitality Change (INE), mentioned on Could 6 it would conduct a mock check of crude oil choices buying and selling from Could 10 to Could 21.
INE, in a separate Could 6 assertion, mentioned it had drafted crude oil choices contract specs and had sought public session.
The alternate will pace up the itemizing of different contracts together with alumina, ferrochrome, artificial rubber, refined oil, pure fuel, naphtha, corrugated paper, woodfree paper and electrical energy, Jiang mentioned.
The SHFE continued to advertise abroad supply of its contracts and was exploring the “probability of establishing abroad warehouses,” Jiang mentioned.
He added the alternate would proceed analysis and improvement of merchandise open to international participation comparable to freight index futures.
(Writing by Shivani Singh; Enhancing by Christopher Cushing and Jacqueline Wong)
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