LME ASIA WEEK: SHFE turns focus on diversification

By Julian Luk / May 04, 2018 / www.metalbulletin.com / Article Link

In 2017, trading volume on the Shanghai Futures Exchange shrank by almost one fifth to 1.36 billion lots, mainly led by a drop in rebar and bitumen trading, official data shows, yet trading turnover rose by 5.8% to 89.9 trillion yuan ($14.1 trillion).

The SHFE's trading turnover accounted for a 47.9% share of China's futures markets, followed by Dalian Commodity Exchange, which accounted for 27.7% of the total, according to its official data. The base metals complex saw its turnover rise by 15% to 73.9 trillion yuan, thanks to a 70% rise in zinc trading. Total lots of zinc traded reached 183 million, surpassing copper to be the most traded metal on the Shanghai bourse last year. Total lots of lead traded rose the most...

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