The Shanghai Futures Exchange (SHFE) is set to expand, with the launch of a new tin future contract. The application has already been lodged with the China Security Regulatory Commission.
SHFE already has 12 futures contracts available for trading including copper, aluminum and steel. SHFE’s expansion into tin trading makes a great deal of sense – China is currently the world’s largest tin producer and consumer.
The tin industry in China has responded positively to the listing of SHFE’s futures contract as tin price transparency will be improved and investment demand for tin will be stimulated.
At one tonne, the tin contract lot size will be markedly smaller than other traded metals at SHFE but the contract will prospectively trade interminably once it is launched.
Source: https://www.itri.co.uk/index.php?option=com_zoo&task=item&item_id=3109&category_id=3&Itemid=143