Ferroalloy industry turnaround hopes Futures

 Nisshin financial observed in the futures market before the introduction of related species , the spot needs of enterprises , the industry already has ferroalloy trading market , the main trading products are silicon iron and manganese .  In the futures product launch, not only helps to spot enterprise risk management , more conducive to compete for global pricing .
Steel futures increasingly complete team .
Recently, the new financial reporter learned from the Zhengzhou Commodity Exchange , China Securities Regulatory Commission has approved the project application ferroalloy futures market , currently underway ferroalloy Zhengzhou Commodity Exchange futures contracts and rules system design and demonstration of the deepening work, and strive to promote the early ferroalloy listed futures . CNMn. The person in charge of product development , said if the relevant work smoothly, the fastest in the second half ferroalloy futures market.Preferred ferrosilicon manganese
Alloys of iron with one or several elements of the alloy , the proportion of more than 90% directly used in steelmaking , while the share of less than 10% for cast iron , non-ferrous metal smelting and chemical industry, ferrous alloys and other fields, so ferroalloy in the steel industry has an important position .
Capital Futures steel industry chain of coal research director Wu Jingchen told the new financial reporters , in fact, in the futures market before the introduction of related species , because the needs of enterprises , the industry already has ferroalloy trading market , the most famous is the Tianjin Ferroalloy Exchange , the main products is ferrosilicon and Molybdenum tube .  Ferroalloy products covered by numerous , not all listed as one of silico-manganese and ferro-silicon is entirely market-oriented products , the largest amount and the high degree of standardization of goods available for delivery are adequate, easy to store and transport, trading , settlement and other risks controllable , so as a listing of choice. Baotou Iron and Steel Group is responsible for the sales of iron and steel smelting Chao said the introduction of ferroalloy futures , not only to further improve the steel industry chain futures system, improve the futures markets steel industry level ; more importantly, can also help related businesses to provide price discovery and risk management tools, and even expected to help the industry to grasp the global pricing.