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HKEX Launches Spot Aluminium Trading on Mainland China platform

Metal News - Published on Fri, 05 Jul 2019

Image Source: ETF Stream
Reuters reported that Qianhai Mercantile Exchange, a mainland China physical commodities bourse owned by Hong Kong Exchanges and Clearing Ltd has started spot trading of aluminium ingots and billets. HKEX said that

1. Trading started on June 28, with six Chinese companies, including a unit of state-run Chalco , trading 437.76 tonnes of the two products with a total turnover of 6.2 million yuan (USD 901,791.95).

2. The transactions "helped record the first benchmark prices of aluminium ingot and aluminium billet based on actual transactions on the QME platform.”

3. The QME, located just 50 kms (30 miles) from Hong Kong, brings much-coveted access to the world's biggest metals market for HKEX, which is also pursuing LME warehousing in mainland China.

4. The launch was slightly earlier than planned. HKEX Chief Executive Mr Charles Li said in May that aluminium product trading was planned for the third quarter. Mr Li also said QME copper trading would probably begin in 2020.

Source :

Posted By : Ratan Singh on Fri, 05 Jul 2019
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