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Home / Metal News / Newssummary: Jiangxi Copper Completes First Commodity Derivative Trading in Shanghai FTZ

Newssummary: Jiangxi Copper Completes First Commodity Derivative Trading in Shanghai FTZ

iconMar 3, 2014 12:04
Jiangxi Copper Logistics Co. completed the first commodity derivative trading in Shanghai Free Trade Zone in cooperation with Bank of China (BOC), Financial News reported on March 3.
SHANGHAI, Mar. 3 (SMM) – Jiangxi Copper Logistics Co. completed the first commodity derivative trading in Shanghai Free Trade Zone in cooperation with Bank of China (BOC), Financial News reported on March 3. 
 
The transaction of three-month, over-the-counter forward contracts, linked to London Metal Exchange’s copper contract, totaled 1,000 tonnes or 40 lots, the Chinese newspaper said. 
 
The BOC also opened its online banking services for FTZ enterprises, helping financial innovation practice in the area, the report added. 
 
Jiangxi Copper Logistics Co.
Chinese news summar
CHINA FTZ
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