China’s Qianhai Mercantile Exchange starts copper rod trading

Trading of copper rod started on the Qianhai Mercantile Exchange (QME) on Friday August 23, becoming the fourth product to trade in the mainland China spot commodity platform following alumina, aluminium ingot and billet.

A total of 641.86 tonnes of copper rods, a raw material for electric wires and cables, changed hands on the first trading day, with a turnover of 29.94 million yuan ($4.2 million) and five domestic market participants, the Shenzhen-based QME said in a statement...

Published

Sally Zhang

August 26, 2019

09:20 GMT

Shanghai