China Securities Regulatory Commission Approves Trading Of Palm Oil Futures

China approved the trading of palm oil futures (POL) futures in Dalian Commodity Exchange (DCE), the China Securities Regulatory Commission said on its Web site today. This would be the fourth futures product launched in China's commodity market this year after zinc, rapeseed oil, and Linear Low density Polyethylene. The Dalian exchange has finished the preparation work related to the futures contract and may begin trading the product in the near future, the commission said.