06 Mar '11, 11pm

Bargains! Metal futures to triple in Q2: While Asia, led by China, has become the largest p... www.sherrysdeals.com

SINGAPORE - Trading of metal futures here could triple by next quarter, as more investors venture into the market following surging commodity prices. However analysts warned that more liquidity is needed to attract wider participation in the market. While Asia, led by China, has become the largest producer and consumer of most industrial metals, few companies use the future contracts traded in Asian exchanges as benchmark for large physical deals, analysts said. Earlier this year, copper prices rose to a record of US$10,160 (S$12,870) a tonne and as emerging markets in Asia continue to boom, experts say prices of other industrial metals will follow suit. The Singapore Mercantile Exchange was launched last year and, more recently, the London Metal Exchange tied up with the Singapore Exchange (SGX) to launch metal future contracts. Mr Avtar Sandu, a manager for Asian Commodi...

Full article: http://www.todayonline.com/Business/EDC110307-0000138/Met...

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