BEIJING (Reuters) - Qianhai Mercantile Exchange (QME), a Shenzhen-based commodity trading platform controlled by Hongkong Exchange (HKEX) Group, began trading on Friday, the bourse said in a statement.
QME, which so far is only trading physical alumina, said it would waive all fees until the end of the year to help attract business.
Chalco and Xiamen Xiangyu (SS:600057) made the first transaction on the QME platform for 3,000 tons of alumina at 3,030 yuan ($437.23) a ton, the exchange said.
($1 = 6.9300 Chinese yuan renminbi)