According to release from Sina News, director of China Securities Regulatory Commission, Zhang Yujun has announced the approval for listed of glass futures in his speech during the 7th International Oil & Fuel Conference.
The final draft of glass futures contract set trading unit of 20 tons, which is worthy 30,000 to 40,000 RMB. Benchmark delivery goods of glass futures is 5mm clear sheet glass produced by float progress, which should also meet first grade requirements of national standard. Benchmark delivery place of glass futures is East China market that be balanced in supply and marketing, but not main producing areas of North China market.
Source:
http://www.glassinchina.com/news/newsDisplay_19083.html
