(Reprinted from: Chinese Recycled Metals)
On June 10, 2025, the first recycled commodity variety in my country's futures market, cast aluminum alloy futures and options, was officially listed and traded on the Shanghai Futures Exchange. The listing of this innovative financial instrument is a milestone in my country's recycled metal industry and the latest achievement in promoting the full coverage of non-ferrous metal futures products in the combination of industry and finance.
Ge Honglin, Party Secretary and President of China Nonferrous Metals Industry Association, Li Zhibin, Director of the Futures Supervision Department of the China Securities Regulatory Commission, Ge Ping, Deputy Director of the Financial Office of Shanghai Municipal Party Committee, Zang Ligen, Chairman of the Listing Management Committee of Lizhong Sitong Light Alloy Group Co., Ltd., and Tian Xiangyang, Secretary of the Party Committee and Chairman of the Shanghai Futures Exchange, delivered speeches respectively. Ge Honglin and Li Zhibin opened the market together, and Lu Dongsheng, Deputy Secretary of the Party Committee and General Manager of the Shanghai Futures Exchange, presided over the listing event.
Ge Honglinexpress,Nonferrous metals play an important role in ensuring the development of the national economy, especially the “new three” and the development of new industries such as artificial intelligence. Recycled non-ferrous metals are the key force in ensuring the security of non-ferrous metal resources in my country and even the world and promoting green and low-carbon transformation. In 2024, my country's production of recycled copper, aluminum, lead and zinc reached 19.15 million tons, accounting for 24% of the output of ten non-ferrous metals, reducing carbon dioxide emissions by 170 million tons. Among them, the production of recycled aluminum has exceeded 10 million tons, and the contribution rate of carbon emission reduction exceeds 85%, which is a key area for the development of green, low-carbon cycle. The listing of cast aluminum alloy futures and options is of great significance to enhancing the international influence of my country's aluminum industry, helping the industry to build a complete risk management system, meeting the diversified risk management needs of enterprises, and promoting the high-quality development of recycled aluminum. The association will encourage and guide enterprises to actively participate in futures trading, make good use of futures tools, and do a good job in risk control.
Wang Jiwei was interviewed by mainstream media such as CCTV: The listing of futures drives the healthy development of the global recycled aluminum industry
Deputy Secretary-General of China Nonferrous Metals Industry Association, Vice President and Secretary-General of Recycled Metals BranchWang JiweiAfter the listing ceremony, he emphasized in an interview with CCTV, Oriental TV and Shanghai Securities News that the listing of cast aluminum alloy futures and options is a milestone event in the recycled aluminum industry and is also the first variety of recycled non-ferrous metals in my country to be listed. This is a concrete action to implement General Secretary Xi Jinping’s “dual carbon” strategy, and it is also the result of years of continuous research and efforts by the Shanghai Futures Exchange and upstream and downstream enterprises. It will help establish a fair and transparent price formation mechanism for recycled aluminum and an efficient and low-cost risk management tool. my country is a major producer and consumer of recycled aluminum. The production of recycled aluminum exceeds 10 million tons in 2024, and is expected to reach more than 18 million tons by 2030. The listing of cast aluminum alloy futures and options can greatly promote the standardized and standardized development of my country's recycled aluminum industry, and can also affect and drive the healthy development of the global recycled aluminum industry. With the high attention of the country and the strong support of institutions such as the Shanghai Futures Exchange, my country's recycled non-ferrous metals industry will surely make greater contributions to national resource guarantee, energy conservation and carbon reduction, and green transformation of the economy and society!
The symposium focuses on industrial operation and jointly seeks a path to green development
On the same day, the symposium on “Give full play to the functions of non-ferrous metal futures and serve the development of new industrialization needs” was held at the Shanghai Futures Building. Wang Jiwei shared the achievements made since the “14th Five-Year Plan” of the recycled non-ferrous metal industry, the current situation faced, and the development trend of the “15th Five-Year Plan” of the industry. Focusing on the association's strengthening role as a link, reflecting industry difficulties and bottlenecks, and making suggestions on policy support, and exchanging ideas with the participating representatives on the association's next key work. He emphasized that the China Nonferrous Metals Industry Association and the Shanghai Futures Exchange have established a long-term and stable cooperative relationship, and have achieved fruitful cooperation in the research and development and listing of new nonferrous metal futures products, industry training, market services and other fields. In the future, we will continue to work together to create a new situation of industrial and financial cooperation.
The market runs smoothly on the first day of listing, and industrial enterprises actively participate
At 9 a.m. that day, the first batch of seven contracts (AD2511 to AD2605) of cast aluminum alloy futures were officially listed, with the benchmark listing prices of all 18,365 yuan/ton. As of the close, the main contract AD2511 closed at 19,190 yuan/ton, an increase of 4.49%, with a transaction volume of 57,300 lots throughout the day, with a transaction volume exceeding 11 billion yuan, and a holding volume of 11,500 lots. The option contract was listed at 21:00 on the same day, further improving the risk management tool chain.
Nine industry leading companies including Lizhong Group, Shunbo Alloy, Shunbo Yichi, and Hongjin New Materials have become the first batch of transaction companies. Zang Ligen, chairman of the Listing Management Committee of Lizhong Group, said that the listing of cast aluminum alloy futures will solve the problem of product price fluctuations for the industry, provide richer risk management tools, help companies lock in prices and manage risks more accurately, and enhance their risk resistance and competitiveness. Wang Zhenjian, chairman of Shunbo Alloy, said that futures tools will help companies deal with raw material price fluctuations through basis trading, hedging, etc., and improve operating stability.
Hot discussions among all parties in the market: Futures tools empower the industrial ecology
Tian Xiangyang, Party Secretary of the Shanghai Futures Exchange, said that the close industrial and financial coordination of aluminum futures and options provides important guarantees for the high-quality development of my country's aluminum industry. The listing of cast aluminum alloy futures and options will further play a role in corporate operations, industrial operation and ecological construction, and promote the improvement and transformation and upgrading of the aluminum industry standards.
Xinhua News Agency, CCTV, China News Service, Shanghai Securities News, Securities Times Futures Daily, China Nonferrous Metals News and other media have actively reported the listing activities of cast aluminum alloy futures. It is generally believed that listing cast aluminum alloy futures will help form a standardized, transparent and efficient cast aluminum alloy pricing mechanism by exerting the price function, and will form a synergistic effect with the existing alumina, electrolytic aluminum futures and options of the Shanghai Futures Exchange. It is of great significance to improve the risk management capabilities of enterprises in the aluminum industry chain and promote the green, low-carbon and high-quality development of the aluminum industry.
Industry experts believe that this listing is not only an important milestone in innovation in my country's futures market, but also a landmark event in the development of the global recycled metal industry. With the popularization of futures tools, the recycled aluminum industry is expected to take the lead in achieving “price transparency, transaction standardization, and development low-carbonization”, contributing Chinese solutions to the global circular economy.
Recycled Metals Branch of China Nonferrous Metals Industry AssociationWe will continue to track the operation of the cast aluminum alloy futures and options market, cooperate with the Last Futures Exchange to provide good training, guide enterprises to make good use of financial tools, enhance the resource allocation capabilities of my country's recycled metal industry in the international market, and help China's recycled metal industry achieve strategic upgrades in the global value chain.
Information Editor: Liu Long