Home / Metal News / Steel & Iron Ore / LME Asia Week: HKEX highlights importance of China’s commodity pricing power
LME Asia Week: HKEX highlights importance of China’s commodity pricing power
May 17,2018 10:56CST
industry news
Source:SMM
Debates at LME Asia Week are centred around helping China achieve better influence in global commodity pricing, according to HKEX chief executive Charles Li

HONG KONG, May 17 (SMM) – Debates at LME Asia Week are centred around helping China achieve better influence in global commodity pricing, according to HKEX chief executive Charles Li.

The debates include topics such as whether pricing should be determined onshore or offshore, and if physical or futures prices were more representative of the market, he told delegates in the opening speech of LME Asia Week on Thursday May 17 in Hong Kong.

Li added that this has been an issue for many years but market participants have had such conversations quietly. However, China cannot wait further as it faces multiple challenges against the backdrop of international trade wars.

“This is the year we don’t have big bang announcements, it’s more of a work in progress,” Li said.

He added that the HKEX and LME are working on resolving LME onshore warehouse issues and better connecting the domestic, international markets, and onshore commodity businesses.

Ultimately, the HKEX will prioritise China’s development, pricing power and standing in international markets.

The HKEX is the parent company of the LME that it acquired in 2012.


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

LME Asia

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news