Recently, the National Development and Reform Commission (NDRC) has issued the “Opinions on Promoting the Innovative Development of Northeast China Rust Belt and Creating New Competitive Edge” (the “Opinions” for short), in which it calls for strengthening the policy support for Dalian Commodity Exchange (DCE) to develop and list new products and pilot agri-product options. This has further added impetus for Dalian futures market 's development.
Earlier this year, an official of DCE put forward that DCE will focus on the piloting of agri-product options, the internationalization of iron ore futures, and the construction of the over-the-counter market and promote the transformation from a single layered and closed commodity futures exchange to a diversified and open comprehensive derivatives exchange. In terms of agri-product options, DCE has accelerated the preparation of soybean meal options on futures. At present, the options contract specifications, relevant rules, technical system, and market cultivation have been ready, and the options production system has already been launched. The support from relevant national department has undoubtedly increased the market's optimism about the listing of soybean meal options at an early date.
