SHANGHAI, June. 28 (SMM) - Shanghai Metals Market (SMM) tapped interest for more of its premium pricing products while exhibiting on invitation at London Metal Exchange (LME)’s first Week Asia in Hong Kong.
At SMM’s exhibition booth on Tuesday, June 25, market participants from across base metals industry from both home and abroad expressed strong interest for its premium pricing products.
In cooperation with Yangshan Free Trade Port Area, SMM launched in March its Yangshan copper premium which is collected and assessed daily.
Market participants, apart from closely following SMM’s copper premium, expressed interest for its possible premium pricing of other base metals.
SMM has been developing its spot-based pricing products in proper order. Specific items, which cannot be disclosed at this stage, will pertain to import features of Shanghai customs.