Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Metals

China's DCE, CAMU sign pact to develop ferrous scrap futures

Agriculture | Natural Gas | Oil | Metals | Petrochemicals

US-China Trade Tension

Platts Market Data – Natural Gas

Commodities | Metals | Non-Ferrous | Aerospace & Defense | Autos & Capital Goods | Materials | Building & Construction | Transportation

Aluminum Symposium 2020

Metals

Analysis: Surging HRC, rebar output indicates 'irrational' Chinese steel production: sources

China's DCE, CAMU sign pact to develop ferrous scrap futures

Singapore — China's Dalian Commodity Exchange said Wednesday it has signed a strategic cooperation agreement with the China Association of Metal Scrap Utilization to develop and launch ferrous scrap futures.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

DCE did not provide a timeline for the launch, but said that the two also agreed to promote standardization and educate the scrap industry, the exchange said on its website.

Talk about a Chinese ferrous scrap futures contract has emerged since at least June 2016, when the Shanghai Futures Exchange said it had reached an agreement with CAMU to study the matter.

DCE noted that spot prices of scrap in China have averaged 43% in terms of volatility over the past three years, warranting the need for a way to manage risk.

In 2018, China's steel industry consumed 188 million mt of scrap, or 20% of the 928 million mt of crude steel it produced.

-- Keith Tan, newsdesk@spglobal.com

-- Edited by Ikhhlaq Singh Aujla, newsdesk@spglobal.com