A CME trader flashes hand signals on the floor of the exchange in Chicago. Asian players, especially from China, are turning to the CME in hedging their copper trades and away from the LME. Photo: Bloomberg A CME trader flashes hand signals on the floor of the exchange in Chicago. Asian players, especially from China, are turning to the CME in hedging their copper trades and away from the LME. Photo: Bloomberg
A CME trader flashes hand signals on the floor of the exchange in Chicago. Asian players, especially from China, are turning to the CME in hedging their copper trades and away from the LME. Photo: Bloomberg

LME losing ground in battle for Asian copper as Chinese turn to CME

"A large part of it is the big Chinese hedge funds," said one Hong Kong-based broker, citing the reason for the jump in Asian trades on Comex. "They have trouble getting their heads around the LME’s prompt date system."

A CME trader flashes hand signals on the floor of the exchange in Chicago. Asian players, especially from China, are turning to the CME in hedging their copper trades and away from the LME. Photo: Bloomberg A CME trader flashes hand signals on the floor of the exchange in Chicago. Asian players, especially from China, are turning to the CME in hedging their copper trades and away from the LME. Photo: Bloomberg
A CME trader flashes hand signals on the floor of the exchange in Chicago. Asian players, especially from China, are turning to the CME in hedging their copper trades and away from the LME. Photo: Bloomberg
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