LME to Launch Shanghai-Linked Steel Futures in October as China Prices Reach Global Investors
Updated
Updated · Bloomberg · Jun 18
LME to Launch Shanghai-Linked Steel Futures in October as China Prices Reach Global Investors
3 articles · Updated · Bloomberg · Jun 18
Summary
October will bring a new LME hot rolled coil futures contract that settles against the Shanghai Futures Exchange’s monthly US-dollar HRC price.
The contract gives global investors direct exposure to Shanghai steel prices through the London market, extending access to a key Chinese benchmark.
LME said the launch marks another step in the internationalization of Chinese commodities futures, linking overseas trading more closely to mainland price formation.