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China's Dalian Exchange launches 24 single futures price indexes -media
November 29, 2017 / 11:01 AM / 15 days ago

China's Dalian Exchange launches 24 single futures price indexes -media

BEIJING, Nov 29 (Reuters) - China’s Dalian Commodity Exchange launched 24 single futures price indexes on traded agricultural and industrial products, state-backed media cnstock.com reported on Wednesday, citing the bourse, a step to boost China’s commodity derivatives market and attract private capital to futures trading.

The price indexes will track 11 most-active futures such as corn and coking coal, and 12 most-traded futures contract including iron ore, coke and soybean meal, according to the report.

In April, the Dalian exchange rolled out its first batch of commodity price indexes involving six indexes and three months later launched another six. The bourse currently trades a total of 36 commodity price indexes.

More indexes are expected to meet increasing market demand, an official at the exchange said earlier this month. (Reporting by Muyu Xu and Beijing Newsroom, editing by David Evans)

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