# Straits Financial Services Pte Ltd Participates in First Trading Day of LME Steel HRC Shanghai Futures

- Link: https://www.thailand-business-news.com/pr-news/straits-financial-services-pte-ltd-participates-in-first-trading-day-of-lme-steel-hrc-shanghai-futures
- Published: 2026-10-29T07:00:00+07:00
- Author: PR Newswire

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.](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.

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