On November 18, the listing ceremony of log futures and options was successfully held at the Dalian Commodity Exchange (DCE). President Li Jiafeng attended the event and delivered a speech.

President Li began by expressing his sincere congratulations on the successful listing of log futures and options. He noted that the Dalian Commodity Exchange has consistently attached great importance to the development of the timber futures market, having successively launched fiberboard and plywood futures varieties. After five years of meticulous preparation, the successful listing of log futures represents a new exploration in the organic integration of the financial industry and the timber sector, marking a new stage for China's timber trade in terms of market transparency, risk resilience, and international influence.

The timber and wood products industry is a fundamental industry for China's economic and social development, and moreover, it is a green, low-carbon, and sustainable industry. The healthy development of the wood industry bears upon the national economy and people's livelihoods, affecting millions of households. The simultaneous listing of log futures and options will further enhance the ability of Chinese timber and wood products enterprises to manage price fluctuation risks, help enterprises reduce costs and improve efficiency, and better serve the high-quality development of China's wood industry.