Shanghai Metal Exchange (SHME), one of the national level futures exchanges of China, was established on 28 May 1992. SHME is a non-profit, self-regulating corporation. The exchange was created for trading in non-ferrous metals and currently contracts for several non-ferrous metals including copper, aluminum, lead, zinc, tin, and nickel.
SHME is located in the city of Shanghai and its geographical location bridges the time gap between London Metal Exchange and New York Mercantile Exchange markets, thus enabling traders across the world to have a 24-hour access to futures contracts of non-ferrous metals. SHME is currently the largest non-ferrous metals futures exchange in China and the third largest exchange of its kind in the world.
Famous quotes containing the words shanghai, metal and/or exchange:
“It took more than one man to change my name to Shanghai Lily.”
—Jules Furthman (1888–1960)
“There is a lot of talk now about metal detectors and gun control. Both are good things. But they are no more a solution than forks and spoons are a solution to world hunger.”
—Anna Quindlen (b. 1953)
“We never exchange more than three words with a Friend in our lives on that level to which our thoughts and feelings almost habitually rise.”
—Henry David Thoreau (1817–1862)