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The Shanghai Futures Exchange - SHFE is the reference point across Asia for non ferrous metals, Steel and rubber.
The Shanghai Futures Exchange was formed from the amalgamation of the Shanghai Metal Exchange, Shanghai Foodstuffs Commodity Exchange, and the Shanghai Commodity Exchange in December 1999.
It is a non-profit-seeking incorporated body regulated by the China Securities Regulatory Commission.
The trading floor is located in Lujiazui, Pudong district in Shanghai.
All data are VAT (17%) included.
So the prices from this exchange are normally greater than the same prices from other exchanges.
Non-ferrous and ferrous metals
The non ferrous metals listed on SHFE are copper, aluminium, lead and zinc.
Steel as rebar and wide rod is also traded.
Gold and silver are the precious metals quoted on the SHFE.
Rubber and heating oil are also traded everyday on the Shanghai exchange.