More Chinese Copper Plants Join in Futures Market
It is said from Liu Zhichao, chairman of the China Futures Association, that more and more Chinese enterprises are participating in futures trading as the domestic futures market strengthens its influence.
According to Liu, 90 percent of Chinese spot copper enterprises have taken part in futures trading to hedge against risks.
Currently, nonferrous metals prices on the Shanghai Futures Exchange, China’s major futures market for metals trading, have gradually become important references for related enterprises to conduct trading both at home and abroad.