Beijing approves trading of industrial silicon futures
Beijing approves trading of industrial silicon futures
China’s securities regulator has approved trading of industrial silicon futures and options on the Guangzhou Futures Exchange.
Blue View
According to the announcement, the contract will help producers to reduce price volatility of the material used in a wide range of energy transition applications including solar, EVs and ICT.
Silicon futures will be the first product to list on the Guangzhou Futures Exchange, which was set up last year and aims to focus on new energy materials such as lithium, platinum, palladium and rare earth elements.
China is by far the world’s largest producer of silicon metal and ferrosilicon.