3 Moon 27 morning of the day 9 Nickel and tin futures were officially listed and began trading on the Shanghai Futures Exchange. As of the afternoon’s closing, according to bilateral statistics, the total volume of nickel futures traded was... 3.03 Ten thousand hands, transaction amount 30.66 100 million yuan, holdings 1.53 Ten thousand hands; total transactions in tin futures 0.18 Ten thousand hands, transaction amount 2.18 100 million yuan, holdings 620 Hand. The market is operating smoothly overall, and industrial clients are participating quite enthusiastically.

　　This morning 8 time 55 The opening auction for the nickel futures main contract has started as scheduled. NI1507 With 101870 Yuan / Ton opening, intraday high price 102710 Yuan / Ton, lowest price 100650 Yuan / ton, to 101080 Yuan / Ton closed lower. 990 Yuan / Ton, decline 0.97% ; Main contract for tin futures SN1507 With 120000 Yuan / Ton opening, intraday high price 120010 Yuan / Ton, lowest price 115150 Yuan / ton, to 119270 Yuan / Ton closed lower. 920 Yuan / Ton, decline 0.77% 。

　　China’s nonferrous metals futures market is one of the commodity futures markets with a relatively high degree of marketization and internationalization, and it functions effectively. All parties in the market have shown strong recognition of the nonferrous metals futures contracts listed on the Shanghai Futures Exchange. An increasing number of nonferrous metals enterprises have come to realize deeply that their survival and development are inseparable from the futures market. The launch of nickel and tin futures contracts is of great significance for promoting the sustainable development of China’s nickel and tin industries and enhancing the nonferrous metals futures market’s role in serving the real economy.

　　Nickel is one of the country’s key strategic metals, and the development of China’s nickel industry calls for a futures market that gives China pricing power. Bao Xingwang, Deputy General Manager of the Marketing Company of Jinchuan Group Co., Ltd., stated that nickel prices have been experiencing sharp fluctuations. As the largest nickel smelting enterprise in China, Jinchuan Group has a strong demand for the listing of nickel futures contracts. The launch of nickel futures will help foster the establishment of a market-oriented pricing mechanism in the nickel industry, provide effective risk-management tools for companies across the upstream and downstream segments of the industrial chain, enable enterprises to control procurement costs and lock in operating profits, promote the rational allocation of market resources, and ensure the sustainable development of the nickel industry.

　　For a long time, the absence of domestic tin futures has left Chinese tin producers, distributors, and consumers lacking effective hedging tools to cope with significant fluctuations in raw material prices. Gao Wenxiang, Chairman of Yunnan Tin Industry Co., Ltd., pointed out that the Shanghai Futures Exchange’s recent launch of tin futures will help optimize the price formation mechanism for tin, enabling China to gain greater influence in the international tin market. It will also enhance the ability of upstream and downstream enterprises to manage price volatility risks. Moreover, it will provide producers and traders with more diversified trading methods and price references, thereby promoting the rational allocation of tin resources and balancing market supply and demand.