China News Service, Shanghai, November 19 – On November 19, it was learned from the Shanghai Futures Exchange that the first cast aluminum alloy futures contract AD2511 was successfully settled, with a settlement volume of approximately 22,900 tons and a settlement amount of approximately 476 million yuan.
As China’s first recycled metal futures product, the cast aluminum alloy futures have been operating smoothly since their launch on June 10, with active participation from enterprises. As of the 17th, cumulative transactions reached 596,400 lots, with a total transaction value of 120.282 billion yuan, and standard warehouse receipt weight totaling 59,400 tons. The launch of cast aluminum alloy futures has provided an effective risk management tool for the recycled aluminum industry chain.
Settlement serves as the “last mile” of futures services to the real economy, connecting the futures and spot markets. After the launch of cast aluminum alloy futures, training sessions on cast aluminum alloy futures settlement business were conducted in Chongqing and Wuxi, laying a solid foundation for the generation of standard warehouse receipts and the smooth execution of the first settlement business.
Market participants indicated that recycled aluminum industry chain enterprises can lock in profits in advance, expand sales channels, and enrich sales strategies by participating in cast aluminum alloy futures settlement, achieving stable operation and sustainable development. The series of training sessions organized have enhanced enterprises’ enthusiasm for participating in physical settlement of cast aluminum alloy, helping them successfully complete various tasks for the first settlement. Continuous refined services are being provided to fully ensure the stable operation of cast aluminum alloy futures.
The relevant responsible person stated that they will continue to focus on serving the real economy, centering on the main line of “strengthening supervision, preventing risks, and promoting high-quality development,” earnestly fulfilling the responsibilities of market supervision and risk prevention, and maintaining stable market operation. At the same time, they will closely monitor market operation conditions, continuously optimize the settlement process, leverage the functions of futures market price discovery, risk management, and resource allocation, serve the “dual carbon” and green development strategic goals, and promote high-quality development of the real economy.
