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The launch of exchange trading in metals in the Russian Federation may take place before September 1

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It is planned to start exchange trading at the St. Petersburg International Commodity and Raw Materials Exchange with building rolled metal: bars and fittings.

The launch of exchange trading in metals in the Russian Federation may take place before September 1

The St. Petersburg International Mercantile Exchange (SPIMEX) plans to launch trading in metal products by autumn. The list of goods may include rolled products of both ferrous and non-ferrous metals, TASS reports.

"There is an instruction from the government to ensure the launch of exchange trading in metals before September 1, which is now underway. We are talking about products that are most needed and in demand in terms of pricing. Discussions are underway with the market and with departments, first of all ", nomenclature. Building materials come here. We look at rebar, rod ... Because, firstly, they are standardizable. Secondly, if we reveal the price for this type of rolled metal through the exchange, then it will be possible to produce many goods from it, according to at least for ferrous metals, to calculate. The exchange is also looking at some types of non-ferrous metals ", - the agency quotes the head of the SPIMEX.

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