Shanghai Futures Exchange Authorizes LME to Use Hot-Rolled Coil Settlement Prices, LME to Launch Contract in October 2026

During the 2026 Lujiazui Forum, Shanghai Futures Exchange authorized London Metal Exchange to use SHFE hot-rolled coil futures settlement prices as the basis for LME's new contracts. LME plans to launch the 'LME Shanghai HRC Contract' on the London exchange in October 2026, enabling global investors to reference and trade against Shanghai hot-rolled coil futures prices directly.
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