off-the-wire

China to launch its first platinum, palladium futures

Kitco Media
By Reuters
Published:
Updated:
Reuters
China to launch its first platinum, palladium futures teaser image

The Guangzhou Futures Exchange (GFEX) said on Tuesday that it plans to launch China’s first platinum and palladium futures contracts to offer a domestic price hedging mechanism.


The GFEX will be the first exchange to allow delivery against its contracts of platinum and palladium in a form used by the main consumers, automakers and other industrial sectors. Its contracts may also support platinum investment demand in the world’s second-largest economy.


(Reporting by Amy Lv in Shanghai and Polina Devitt in London; Editing by Christian Schmollinger)

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