The closely watched industrial silicon futures were officially listed on the Guangzhou Futures Exchange on the 22nd. On the first day of closing, the listing contract of industrial silicon fell across the board. The listing contract of industrial silicon futures fell on the first day of listing
Industrial silicon is the first new energy metal futures product in China, and also the first product listed for trading in Guangzhou Futures Exchange. The first batch of industrial silicon futures contracts listed on the 22nd were 5. After the opening of the morning, the main industrial silicon contracts opened higher and went lower. The highest intraday rise was over 3%. At the closing of the morning session, they fell 0.65% from the benchmark price, with intraday fluctuations exceeding 4%.
The performance of industrial silicon price also basically conforms to market expectations. My iron and steel (Mysteel) said the previous day that according to the price law of black series futures on the first day of listing, it is expected that the opening price of industrial silicon futures will be about 200 yuan higher than the spot price.
CITIC Futures, on the first day of its strategy report, said that the benchmark price of industrial silicon futures was officially released, and the pricing was relatively reasonable. After listing, it will follow the industrial silicon spot fundamentals. In terms of absolute price, the price of industrial silicon may be weak and stable in the short term.
"With the listing and operation of industrial silicon futures, although there is some interference in the short term, the medium and long term prices may return to their industry rules from scratch," said Meierya Futures.
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