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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.)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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