| China has become a mover of global prices; trading volume on the Shanghai and Dalian exchanges has exploded. Chinese markets remain largely closed to foreign investors, and data on them are scarce. But traders say that for years, buying and selling was dominated by state-owned conglomerates, and a handful of funds trading commodities.
Until roughly the last year, metal prices were essentially set in London. Now, China, the world’s top consumer and producer of metals, has become a mover of global prices. Chinese exchanges are staying open until late afternoon in London and midday in New York...............................................Full Article: Source
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