NOREXECO is excited to announce that our new futures contract settled against the SHFE domestic contract will be available for trading on the 21th of September 2020. The NOREXECO contract will be financially settled and mirror the SHFE contract, converted from RMB to USD and deducted Chinese VAT. The new contracts increase the opportunity for the global pulp and paper industry to manage price risk exposure to the Asian pulp market. The contract is also available for Asian market participants seeking to reduce risks and/or exploit opportunities.
NOREXECO would like to thank Shanghai Futures Exchange for the cooperation, C&D Xiamen, Ekman Group, APP and Koch Industries for their support. Please find the ceremony video and press release attached.
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