New stainless steel futures that the Shanghai Futures Exchange is looking to launch by the end of 2019 could support physical trading activity and increase liquidity in the spot market, sources told Fastmarkets this week.
"This could increase liquidity in the spot markets because market participants can have a clearer idea of future price trends," an industry source said.SHFE chairman Jiang Yan last week disclosed the exchange's plans to launch futures contracts for this segment of the...