SINGAPORE, Oct. 29, 2026 /PRNewswire/ — Straits Financial Services Pte Ltd (SFSPL), a member of Straits Financial Group, announces its participation in the first trading day of the London Metal Exchange (LME) Steel HRC Shanghai futures contract on 27 October 2026.
SFSPL’s participation reflects its continued commitment to supporting the development of commodity derivatives markets and connecting clients with exchange-traded instruments to manage price risk.
The new contract is cash-settled in US dollars against the Shanghai Futures Exchange (SHFE) Hot-Rolled Coil (HRC) steel price, as converted by Commodity Pricing and Analysis Limited (CPAL). It marks the first time an SHFE metals price has been made available for trading on another exchange.
By bringing the SHFE HRC benchmark to LME, the contract provides international market participants with more direct access to this price. It also strengthens links between China’s steel market and the global trading community, supporting the risk-management needs of producers, traders, investors, and financial institutions.
“We are thrilled to participate in the first trading day of the LME Steel HRC Shanghai futures contract. The new contract broadens the range of instruments available to international participants seeking to manage steel price exposure,” said Mr Roger Quek, CEO and Managing Director of SFSPL.
Straits Financial Services looks forward to supporting the development of this market and helping its clients access relevant risk management solutions across global commodity markets.
About Straits Financial Services Pte Ltd
At Straits Financial Services Pte Ltd, we distinguish ourselves by promoting key and innovative contracts to support the financial and commodity derivative markets as well as providing products and services to fulfill the needs of every trader.
With a strong presence in Asia and a deep understanding of the global markets, we provide value to our clients by enabling global access with a local perspective. Established in 2010, Straits Financial Services Pte Ltd is part of Straits Financial Group which is headquartered in Singapore.
Straits Financial Services Pte Ltd provides a fully integrated service for our clients to access the financial and commodity derivative markets and we strive to build lasting relationships with our clients.
For more information, please visit our website at https://www.straitsfinancial.com.
This document is issued for information purposes only. This document is not intended and should not under any circumstances be construed as an offer or solicitation to buy or sell, nor financial advice or recommendation in relation to any capital market product. All the information contained herein is based on publicly available information and has been obtained from sources that Straits Financial Services Pte Ltd believes to be reliable and correct at the time of publishing this document.
Straits Financial Services Pte Ltd will not be liable for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind) suffered due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information. Past performance or historical record of futures contracts, derivatives contracts, and commodities is not indicative of the future performance. The information in this document is subject to change without notice.
If after reading the foregoing content you have any doubts in relation there to, please consult your own independent legal, financial and/or professional adviser.
