Glass ** hopelessly listed this month

The Zhengzhou Commodity Exchange issued a clarification announcement a few days ago that a certain newspaper in the country published the article “Glass ** will be listed on the Zhengzhou Commodity Store on the 26th” in the first edition on September 13. The glass quotations listed in the report were inaccurate. An insider of ZHENG Shangsuo stated that the time for the listing of the glass ** has not yet been determined, but the promotion and preparation work is still in full swing.

Following the arrival of the first commodity ** product, Silver **, on the Shanghai ** Exchange this year, the market has reported that Glass** will become the second ** product to be listed this year. According to media reports in June, people from the industry learned that the glass ** will be approved in the near future, and it will be listed on the Zhengzhou Commodity Exchange in early July. In mid-July, another media report said that from the Zhengzhou Commodity Exchange and several ** companies, it was learned that the world’s first glass gamut is expected to be traded on the Zhengzhou Commodity Exchange in August this year.

Industry experts told reporters that there are many rumors about the glass's time to market. These speculations are not true. The final time will be subject to the regulatory results announced, and do not listen to rumours.

In fact, the supervisory level has always attached great importance to the innovation of breeds. Previously, Vice Registrar Jiang Yang of the China Securities Regulatory Commission stated in public that after the successful listing of silver in May this year, preparations for the listing of coke, glass, rapeseed, rapeseed meal and other varieties were also actively advanced. In addition, research and development of new trading tools such as stock index options, commodity options, commodity indices, iron ore, and carbon emission rights, as well as strategic varieties have also been stepped up.

The listing of glass ** is also very popular for spot companies. From the perspective of the industry chain, the upstream companies involved in glass include soda ash, quartz sand enterprises, heavy oil and other fuel industries, glass manufacturing enterprises and trading companies in the middle reaches, and glass deep processing companies, building materials and automobile industries in the downstream. Spot companies are looking forward to new things. The glass ** market will combine commodity attributes with financial attributes, and companies will have more tools for business and strategic deployment.

On August 1st, Zhengzhou published a draft of the Glass** contract on its website. The glass ** is based on the East China Glass Market, which is priced at 20 tons per lot. The minimum trading margin is 6% of the contract value. Glass ** trading varieties as flat glass, the minimum quotation unit is 1 yuan per ton, the daily price fluctuation limit does not exceed ± 4% of the settlement price of the previous day. The transaction code is FG.

In order to attract investors, the glass ** will be changed from "big contract" to "small contract" to reduce the investment threshold. Industry sources pointed out that according to the recent major price range of the glass spot market, the price per glass of 1,400 yuan, 20 tons of glass contract worth 28,000 yuan. With the increase in the company's margin ratio to 10%, trading of one-hand contracts will require about 2,800 yuan.