Shanghai metals trade soars in 2015

298

The Base metals trade on the Shanghai Futures Exchange (ShFE) raised 76 percent in 2015 as investors sought ways to bet against China’s economy and domestic smelters increased their hedging to offset losses in a year when metals prices slumped.

Total turnover across the ShFE’s six metals products ballooned to 444 million lots in 2015 compared to 253 million lots for four contracts in 2014, according to a analysis of exchange data.

The exchange added tin and nickel contracts in March last year.