Shanghai Futures Exchange does brisk business

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Last updated at: (Beijing Time) Thursday, April 08, 2004

Shanghai Futures Exchange does brisk business

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Trading at China's nationwide futures market was brisk in March, and deals struck in the past month were worth 1.84 trillion yuan (about 221.69 billion US dollars), doubling last year's comparable figure, said informationShanghai Futures Exchange.

Transactions done at Shanghai Futures Exchange alone were worth1.09 trillion yuan (about 131.33 billion US dollars) in March, up 133 percent from the same period last year.

According to the information, transactions of copper and aluminum at the exchange were worth 660.4 billion yuan and 128.2 billion yuan, five times and 6.6 times last year's statistics, respectively, while rubber transactions were worth 302.3 billion yuan, slightly down from last year.

Shanghai Futures Exchange, situated in Lujiazui of Pudong New District, is one of China's three professional futures markets. It has a membership of 233 and does transactions in copper, aluminum, and rubber.

The other two futures markets are based in Dalian, a port city in northeast China's Liaoning Province, where soybean is traded, and in Zhengzhou, capital of central China's Henan Province, wherered and mung beans are marketed.

Source: Xinhua

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