China to launch its first platinum, palladium futures
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.
(By Amy Lv and Polina Devitt; Editing by Christian Schmollinger)
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