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The launch of this new futures product is aimed at providing participants in the global steel industry chain with a transparent and efficient risk management and pricing tool based on Shanghai market prices in China. The contract will be settled in cash, offering market participants a new financial derivative option to hedge against price volatility risk. This move marks an important step for LME in expanding its ferrous metal derivatives series and deepening its ties with the Asian market. The market widely expects that the listing of this contract will help enhance the influence and pricing transparency of Chinese steel prices in the international market.

```htmlGolden Ten Data reported on June 17 that TrendForce's latest report indicates that TSMC is currently focused on CoPoS and targeting a substrate size of 310×310 mm. 2026 is expected to be a critical validation period for related equipment and material suppliers, with pilot production starting in 2027 and official mass production in the second half of 2028. In addition, TSMC's next stage of planning is expected to shift toward glass substrates, with mass production potentially commencing after 2030.```

(1) As of the week ending June 12, 2026, the US 30-year fixed mortgage rate (for loan amounts of $806,500 or less) remained steady at 6.60%, close to the nine-month high of 6.65% reached in May. Mortgage rates have been closely tracking Treasury yields, as an energy shock triggered by Middle East conflicts led investors to abandon expectations of a Fed rate cut, instead anticipating a possible rate hike by the end of the year. (2) Meanwhile, mortgage applications decreased by 3.8%, resuming a downward trend after a brief surge of 10.8% in the previous week. Refinancing applications declined by 4.5%, and home purchase mortgage applications dropped by 3.4%.