International copper futures are the first internationalized futures product on Chinese futures market to be internationalized under the "dual contract" model, and it is also the fourth international futures product listed on INE after crude oil, NR20 and low-sulfur fuel oil.
Xinghai Fang, vice chairman of China Securities Regulatory Commission, said in a video connection that Shanghai Futures Exchange (hereinafter referred to as the "SHFE") has taken the lead in taking solid steps in its internationalization exploration. It is marked by the listing of crude oil futures and the number of international varieties have gradually increased. The proportion of transactions and positions held by overseas traders has steadily increased, and the influence of international pricing continues to increase.
"This time SHFE launches international copper futures with "dual contracts" that is a brand new exploration of the stock futures products opening to the outside world. Also, it has a great significance to further promote the deep integration of the domestic and foreign copper industry chain and supply chain." Xinghai Fang said.
The 21st Century Business Herald reporter learned from SHFE that the number of members and customers participating in the call auction on the first day of international copper futures trading were 47 and 80 respectively, and the first batch of 267 lots (one-sided) was traded. The domestic and overseas copper industry chain enterprises that participated in the call auction to reach the first batch of transactions include: China-base Ningbo Group Co.,Ltd, Jiangxi copper corporation, China minmetals corporation, Wanbao mining Ltd, NVY GLOBAL TRADING PTE. LTD., TRIWAY INVESTMENT (HK) LIMITED, SUCDEN FINANCIAL LIMITED, Jiangxi copper corporation, Yunnan copper co,. BOCI Global Commodities Limited, LOBB HENG PTE LTD.


国际铜期货是中国期货市场上首次以“双合约”模式实现国际化的期货品种，也是继原油、20号胶、低硫燃料油之后在上期能源上市的第四个国际化期货品种。
中国证监会副主席方星海在视频连线致辞时表示，上期所在国际化探索中，率先迈出了坚实步伐，以原油期货上市为标志，国际化品种逐步增加，境外交易者的成交和持仓占比稳步提高，国际定价影响力不断提升。
“本次上期所用‘双合约’推出国际铜期货，是存量期货品种对外开放的崭新探索，对进一步促进国内外铜产业链和供应链深度融合具有重要意义。”方星海说。
21世纪经济报道记者从上期所了解到，国际铜期货首日交易参与集合竞价的会员和客户分别为47家、80个，首批成交267手（单边）。参与集合竞价达成首批交易的境内外铜产业链企业，包括：中基宁波集团股份有限公司、江西铜业股份有限公司、五矿有色金属股份有限公司、万宝矿产有限公司、ENVY GLOBAL TRADING PTE. LTD.、TRIWAY INVESTMENT (HK) LIMITED、SUCDEN FINANCIAL LIMITED、江铜国际贸易有限公司、云南铜业股份有限公司、宏源恒利（上海）实业有限公司、上海裕江源贸易有限公司、BOCI Global Commodities Limited、LOBB HENG PTE LTD等。