OREANDA-NEWS. November 28, 2013. China Securities Regulatory Commission approved trade of fiberwood and plywood futures contracts at the Dalian Commodity Exchange, as Xinhua reported.

China has sped up development of commodity futures markets to offer companies more tools to hedge risks while trying to have a bigger say in the pricing of major commodities in the global market.

China is the world's largest producer and consumer of the two wood products. They are crucial to forestry, as well as furniture, decoration and packaging sectors.