Source: www.chinamining.org Citation: Xinhua Date: Sept.28, 2017
Hong Kong Exchanges and Clearing Limited (HKEX) on Wednesday announced to introduce its first ferrous metal product.
It will roll out in November of this year, subject to market readiness.
The iron ore futures, TSI Iron Ore Fines 62 percent Fe CFR China Futures, will be cash-settled in U.S. dollars with both day trading and after-hours trading.
It is expected to complement the HKEX's existing precious and base metals products.
With the benefits of electronic trading, the planned iron ore futures will provide a transparent and efficient risk management and investment tool for physical and financial users who want to hedge their price risk or gain exposure in iron ore, said Li Gang, HKEX's co-head of market development.
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Congress and Expo 2017 was held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.
