On September 9, the Shanghai Futures Exchange and the London Metal Exchange jointly announced that the LME Shanghai Hot Rolled Coil Contract will be listed and traded on the London Metal Exchange on October 27, 2026. The settlement price of this contract is based on the RMB settlement price of the hot-rolled coil futures in the previous period, converted to US dollars and then settled in cash. Zhang Ming, the deputy general manager of the previous issue, said that LME is an internationally renowned exchange with extensive influence in the global market. In the previous issue, LME authorized the settlement price of hot-rolled coil futures and launched a futures contract based on this price, providing Chinese and foreign companies with more direct and effective risk management service tools in international trade of hot-rolled coils, and promoting a closer connection between Chinese steel and Shanghai prices and the global market.

On September 9, the Shanghai Futures Exchange and the London Metal Exchange jointly announced that the LME Shanghai Hot Rolled Coil Contract will be listed and traded on the London Metal Exchange on October 27, 2026. The settlement price of this contract is based on the RMB settlement price of the hot-rolled coil futures in the previous period, converted to US dollars and then settled in cash. Zhang Ming, the deputy general manager of the previous issue, said that LME is an internationally renowned exchange with extensive influence in the global market. In the previous issue, LME authorized the settlement price of hot-rolled coil futures and launched a futures contract based on this price, providing Chinese and foreign companies with more direct and effective risk management service tools in international trade of hot-rolled coils, and promoting a closer connection between Chinese steel and Shanghai prices and the global market.