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ZCE:CSRC Approves ZCE Polyester Staple Fiber Futures Contract

 The new contract will provide relevant enterprises open, continuous and transparent price signals and effective risk management tools, the CSRC said.

The CSRC (China Securities Regulatory Commission) has given the Zhengzhou Commodity Exchange (ZCE) the green light to start trading in polyester staple fiber futures.

China is a major producer and consumer of polyester staple fiber, an important textile material.

According to CSRC spokesperson Chang Depeng, the new futures contract will help provide relevant enterprises with open, continuous and transparent price signals and effective risk management tools, which will help promote the stable and healthy development of the staple fiber industry.

The ZCE is asked to make full preparations to ensure the stable launch and stable operation of trading in the new contract. Futures trading in polyester staple fiber will launch on 12 October.

In June, the ZCE launched trading in steam coal options, which was among six new commodity options contracts approved by the CSRC at the time. The exchange also launched PTA and methanol options last December and rapeseed meal options in January.


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