LME WEEK ASIA: Marex Spectron sees 'tumultuous' rise in business from China

LME ring dealing member Marex Spectron is seeing a 'tumultuous' rise in retail type and investor type volumes across all global exchanges driven by Chinese clients, global head of base metals Simon Van Den Born told Metal Bulletin during a press briefing during LME week Asia.

“Revenue from Chinese clients wanting access to global markets has gone up 100% in the first half of this year, although revenue from the more traditional ends of the market in China like producers and consumers who use the LME for hedging has fallen 30%, leading to a small increase in growth overall in the first half of this...

Published

Shivani Singh

June 16, 2016

08:05 GMT

Hong Kong