At the roundtable forum of the 2024 SMM (19th) Aluminum Industry Conference and the First Aluminum Industry Expo - Electrolytic Aluminum and Raw Materials Forum hosted by SMM, Nie Libin, director of the Business Innovation Department of Shanghai Environmental Energy Exchange Co., Ltd., stated that regarding the issue of liquidity, he personally does not recommend comparing the domestic market with the European market too much. The European market has been operating since 2005, nearly 20 years now, while the domestic market has only been running for just over two years. Additionally, from the perspective of trading varieties, derivatives dominate the EU market, accounting for the majority of its large transaction volume. The domestic market is primarily spot trading, so in terms of liquidity, it is recommended not to compare it with the EU.
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