ASIAN FUTURES: So you want to trade HKMEx copper?

Interested in trading the arbitrage, or fixing copper prices in renminbi? You want to trade HKMEx copper?

Interested in trading the arbitrage, or fixing copper prices in renminbi? You want to trade HKMEx copper? 

Key questions to answer if you want to trade HKMEx’s 5-tonne copper contract when it launches.

  • Does your broker’s electronic trading platform give you access to HKMEx?
  • Can your back office process a contract indexed in yuan but settled in USD?
  • Is your broker a clearing member of HKMEx?
  • Both LME and HKMEx clear LCH. Will your broker give you margin offset between LME and HKMEx?
  • How soon till you can answer yes to all of the above?
What to read next
Chinese mining giant CMOC reported a 178% year-on-year increase in cobalt metal production for the first six months of 2024, according to an announcement by the company on Friday July 12
Aluminum scrap generation in Europe is expected to decrease in the current quarter due to lower demand from downstream metal producers amid the domestic seasonal summer slowdown, according to the latest market overview from the Bureau of International Recycling (BIR)
The US government will impose tariffs on steel and aluminium shipped from Mexico that were made elsewhere, in a bid to curb trans-shipment and excess production, the White House said in a statement on Wednesday July 10, a move widely applauded by the pair of metals industries
Norway-based aluminium producer Hydro and German car manufacturer Porsche signed a long-term agreement on Tuesday July 9 for supply of low-carbon aluminium to further decarbonize the supply chain of Porsche’s sports cars. The agreement follows the letter of intent signed in April
The Indonesian government is looking to ease its export ban on bauxite, sources familiar with the matter have told Fastmarkets
Price and supply were the major topics of conversation for market participants across the value chain attending Fastmarkets’ flagship Lithium Supply and Battery Raw Materials conference in Las Vegas on June 24-27