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)
“We are supposed to be the children of Seth; but Seth is too much of an effete nonentity to deserve ancestral regard. No, we are the sons of Cain, and with violence can be associated the attacks on sound, stone, wood and metal that produced civilisation.”
—Anthony Burgess (b. 1917)
“Development, it turns out, occurs through this process of progressively more complex exchange between a child and somebody else—especially somebody who’s crazy about that child.”
—Urie Bronfenbrenner (b. 1917)