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Shanghai exchange to add more metals to physical trading platform

Kitco News

BEIJING, Oct 10 (Reuters) -

* The Shanghai Futures Exchange will add lead , zinc , tin and nickel to its new physical trading platform from Oct. 18, the exchange said in a statement on Wednesday
* The platform, which debuted in May, allows investors to trade cash-settled futures warrants with premiums and discounts depending on the commodity's location, quality and brand
* Currently, only copper and aluminium warrants can be traded on the platform but the bourse was planning to include more products, including silver
* Minimum tick size for lead and zinc warrants will be 5 yuan ($0.7229) a tonne, and 10 yuan per tonne for tin and nickel trading, the exchange said
* Contracts for November, December, January, February and March delivery will be the first ones to be traded
* Trading limits will be twice as much as those for the corresponding futures contracts. No transaction fee will be charged ($1 = 6.9168 Chinese yuan)

(Reporting by Muyu Xu and Ryan Woo Editing by Manolo Serapio Jr.)

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