Metal Trade Jumps in Shanghai as Brokers Wrestle With Price RoutBloomberg News
Trading in metals futures is booming -- in China, at least -- thanks in part to the beginning of a nickel contract.
Volume on the Shanghai Futures Exchange surged about 75 percent in 2015 amid a rout in commodities and equities. The nickel contract which started in March contributed 29 percent of the trade. While volume in Shanghai exceeded the LME in terms of lots, the London marketplace eclipses China when trade is measured in metric tons because of the smaller size of the Shanghai contracts. About 442 million tons of copper traded on the Chinese bourse versus 964 million tons in London.
— With assistance by Martin Ritchie