The 5.2-magnitude earthquake which struck Liuzhou city in south China's Guangxi Zhuang Autonomous Region on early Monday has left two people dead.
The two were among the three people that went missing after the earthquake. The other missing person was recovered by military personnel at 11:10 on Monday and has been in stable condition at a local hospital.
The quake hit Liunan District of Liuzhou at 0:21 at a depth of 8 km, and left more than ten houses collapsed.
As of 07:00 Monday, local authorities had evacuated over 7,000 residents to temporary shelters at a local school and community centers.
Rescuers have set up emergency tents and provided supplies of drinking water, food and other necessities to guarantee the basic living needs for evacuated people.
The debris clearing work is still underway.
5.2-magnitude earthquake kills 2 in Guangxi
The Shanghai Futures Exchange on Thursday officially listed options contracts for hot-rolled coil, stainless steel, and low-sulfur fuel oil upon approval from the China Securities Regulatory Commission.
On their debut day, the three new commodity options saw a total of 236 contracts listed for trading. This included 48 contracts for hot-rolled coil options, 50 for stainless steel options, and 138 for low-sulfur fuel oil options.
China is the world's largest consumer of hot-rolled coil and stainless steel, as well as a major consumption market for low-sulfur fuel oil in the Asia-Pacific region.
The introduction of these commodity options will provide related enterprises with a broader array of tools and strategies to manage risks and ensure steady operations, according to analysts.
"China's futures and options product system has been further enriched, now offering comprehensive coverage across the major sectors of non-ferrous metals, ferrous metals, precious metals, and energy and chemicals. This enables investors to combine futures and options to separately manage directional price risks and price volatility risks, while allowing enterprises to manage the price risks they face with greater precision," said Huang Wei, director of the futures and derivatives department at the Shanghai Futures Exchange.
Shanghai Futures Exchange launches trading for hot-rolled coil, stainless steel, low-sulfur fuel oil
