DCE “Enterprise Risk Management Plan” Escorts Iron & Steel Industry’s Pilot in Basis Trading
Date:14 April 2020

The “DCE Enterprise Risk Management Plan in Valin Steel Group” online basis trading training, hosted by Dalian Commodity Exchange (DCE) and organized by the Galaxy Futures, was held on April 9. Valin Steel Group has actively taken part in the futures derivatives market since 2008. It has participated in the DCE iron ore and metallurgical coke over-the-counter options programs and carried out the coking coal and metallurgical coke basis trading. And this year it plans to take part in the iron ore basis trading together with the overseas miner Vale of Brazil. Valin Steel Group has established the futures-spot production and operation mode, setting an example for the whole industry.

DCE has come up with the general requirement of “oriented by quality and efficiency, focusing on industry expansion effects, and improving the accuracy and depth of services for industry enterprises” for the industry development this year. The online basis trading training in Valin Steel Group represents a new attempt that DCE has made in the industry development according to the circumstance of the ferrous industry and the enterprise demand, in a bid to satisfy enterprises’ demand and provide them with accurate industry development services. And DCE will continue to facilitate the “one completeness and two connects” strategy for iron ore products and the pricing center construction through measure including popularizing basis trading business with greater efforts.

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