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Nickel futures will become the first duty-paid non-ferrous metal futures product on the Shanghai Futures Exchange to be directly accessible to global investors, according to an official statement released today.
The exchange is steadily progressing with preparations to launch nickel futures and options, including options tied to TSR20 (a type of technically specified rubber), low sulfur fuel oil, and bonded copper, a related executive confirmed.
Recently, the China Securities Regulatory Commission issued a circular confirming nickel futures and options on the Shanghai Futures Exchange as designated domestic products. It also approved the registration of TSR20, low sulfur fuel oil, and bonded copper options as designated domestic products on the Shanghai International Energy Exchange.
This development marks a pivotal step in the ongoing internationalization of the exchange. With the addition of these three new options, the exchange focused on energy derivatives will achieve comprehensive options coverage for its mature futures contracts.
Nickel holds significant strategic value for industrial growth and is a vital base metal for emerging industries. China is the world’s leading consumer and importer of nickel, and it ranks second in production, laying a strong industrial foundation for opening the nickel futures market.
Since its debut in 2015, the nickel futures market on this exchange has operated smoothly. Allowing overseas investors to trade nickel futures and options will bolster risk management within China’s non-ferrous metals sector while attracting more domestic and international participants. These instruments will facilitate price discovery and support risk management and global asset allocation strategies.
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