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What are Hong Kong and London copper futures?
London aluminum/zinc/copper futures mini-contract is the first batch of commodity contracts traded in RMB in Hong Kong. The contract aims to help spot traders in China manage the risks of their RMB-denominated commodity contracts, help traders holding RMB to reduce the demand for margin financing, and help establish a pricing mechanism for metallic RMB in the Asian time zone. In addition, contracts can provide opportunities for market participants to arbitrage with other commodity exchanges.

China's demand for aluminum, zinc and copper accounts for about 45% of the total international demand for corresponding metals. China is the ninth largest importer of aluminum, the second largest importer of zinc ingots and the first largest importer of copper in the world. The import and export prices of aluminum, zinc and copper in China are generally based on the prices of aluminum, zinc and copper in London Metal Exchange (LME).

Futures contracts currently listed and traded on the Hong Kong Futures Exchange are:

London aluminum futures contract/

London zinc futures contract/

London copper futures contract

London nickel futures contract/

London tin futures contract/

London lead futures contract

Renminbi (Hong Kong) gold futures contract

/USD gold futures contract