NewsSignals
NewsSignals AI analysis·Reuters·

Trading starts on LME's first contract from Shanghai exchange collaboration

Grade Bbullish AI signal
The London Metal Exchange has launched trading in its first hot-rolled coil steel contract developed through its collaboration with the Shanghai Futures Exchange, opening a new cross-exchange route for steel price exposure. More than 550 lots traded across the first two active months, and the cash-settled contract uses SHFE's HRC price converted from yuan to US dollars, while two 2027 contracts were delayed over a potential technical issue. The launch could expand steel hedging opportunities and boost LME trading activity if market adoption grows in the coming months.

Bullish strength: 65/100

  • More than 550 lots traded across the first two active contract months.
  • The contract gives HRC exporters a venue to hedge US-dollar physical contracts.
  • The collaboration could help the LME attract new customers and increase trading volumes.
  • The underlying SHFE HRC contract traded 169 million lots in 2025.

Bearish strength: 35/100

  • Long-term success depends on market acceptance and sustained trading activity.
  • The LME delayed the February and September 2027 contracts while investigating a potential technical issue.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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