China, a big raw materials consumer, hopes to position itself as a global commodities marketplace with its launch of a new futures contract on the popular copper market.
"The greater the Chinese market share for a given raw material, the more Shanghai will be able to attract foreign investors," he said. They include a network of warehouses around the world as well as a degree of liquidity and flexibility that its superior size provides. Sucden has not yet opened its exchanges on INE to its customers, and just trades itself on the new market primarily because of currency conversion benefits.Another disadvantage for investors is that the INE and its contracts are denominated in the Chinese yuan, which Beijing keeps a firm control of.
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