Beijing: China’s Dalian Commodity Exchange (DCE) said the stock regulator approved its first ethylene glycol futures contract. However the bourse did not give time frame for the launch of the futures.
DCE is one of the four futures exchanges under the supervision and administration of the China Securities Regulatory Commission (CSRC) upon the approval of the State Council, and also the only futures exchange in Northeast China.
Currently DCE has listed a total of 16 futures products, including corn, corn starch, No. 1 soybean, No. 2 soybean, soybean meal, soybean oil, RBD palm olein, egg, fibreboard, blackboard, linear low density polyethylene (LLDPE), polyvinyl chloride (PVC), polypropylene (PP), coke, coking coal and iron ore.