The much anticipated inclusion of international participation in the Contract is planned to be launch on Nov. 19, 2020.
China is the world’s top consumer of metals and accounts for over 50% of the world's demand for copper.
The contract size is 5 metric tons, the price is quoted in Chinese Yuan, and the trading hours are 9:00 a.m. to 11:30 a.m. and 1:30 p.m. to 3:00 p.m.
Often considered a low risk commodity by traders because of its versatile applications and sometimes used as collateral in China’s shadow banking industry copper demand in China remains steady. #china #futurestrading #futures #SHFE #shanghai #copper #LME #cmegroup Ceres Ltd #alpha