China’s Newest Commodity Exchange Eyes Silicon as First Contract
- Guangzhou Futures Exchange country’s 5th commodities bourse
- Industrial silicon prices spiked last year amid power crunch
Silicon is used in everything from solar panels to computer chips to car parts.
Photographer: I-Hwa Cheng/BloombergThis article is for subscribers only.
China’s newest commodity exchange plans to launch its first contract later this year, focusing on industrial silicon after wild swings in the metal’s price in 2021.
The Guangzhou Futures Exchange plans to offer silicon contracts in the second half of the year, said a bourse official. It’s also planning to create an index that tracks a broad range of commodities, and is awaiting final government approvals for the launch, said the official, who asked not to be identified because the information isn’t public.