The reporter learned from the Zhengzhou Mercantile Exchange on the 5 day that the application for the listing of ferroalloy futures has been approved by the CSRC. Zheng pointed out that the introduction of ferroalloy futures can not only provide tools for related enterprises to find prices and manage risks, but also further improve the structure and industry chain futures varieties system, and improve the level of futures market service structure and management industry.

Iron alloy is an alloy of one or more metal or non-metallic elements and iron fusion formation, mainly as an intermediate raw material structure of pipe production and casting industry deoxidizer, desulfurizer and alloy additives.

At present our ferroalloy production capacity and output ranked first in the world, the total output of the 40%, the main varieties of ferrosilicon and silicon manganese iron alloy with futures trading conditions for bundled listing. 2012 production of 4 million 780 thousand tons of ferrosilicon, the market value of about 33 billion yuan; manganese production 10 million 670 thousand tons, the market value of about 70000000000 yuan. At the same time, China is the largest exporter of silicon iron in the world. In 2011 and 2012, the export volume was 621 thousand tons and 454 thousand tons respectively.

According to the introduction, ferrosilicon and silicon manganese are fully market-oriented products, no monopoly and price control. The degree of standardization is high, goods can be sufficient for delivery, easy to store and transport, transaction, delivery and other risks can be controlled. It is understood that at present, Zheng Shang is carrying out the further design and demonstration of the ferroalloy futures contract and rules system, and strives to launch the ferroalloy futures as soon as possible.