The Futures Association held LME practical seminars and invited experts to share their experiences.

(Provided by Futures Association)

[Reporter Huang Haochen/Taipei Report] The "2022 LME Practice Seminar" sponsored by the Futures Association and co-organized by the Taiwan Port Company was held today as an online conference. The Futures Association invited industry experts with rich practical experience at home and abroad to speak out and discuss warehouse receipts. Business, physical delivery of warehouse receipts, the latest situation of LME warehouse receipts and other topics to share experience, discuss business opportunities and challenges for futures brokers to engage in LME warehouse receipt-related business, and attract academia, metal industry, traders, warehousing industry, banks, securities and futures industry. More than 320 people participated in the exchange.

Chen Peijun, chairman of the Futures Association, said that since Kaohsiung Port started the LME submission port business in November 2013, the base metals stored in Kaohsiung LME-certified warehouses have repeatedly exceeded 100,000 tons, and the highest once reached 127,000 tons, and the stock market value exceeded NT$250. It is obvious that my country's metal industry does have a large demand for physical delivery and warehousing.

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In order to implement the goal of serving the real economy, the futures industry hopes to provide a one-stop service chain for metal manufacturers, combining trading, delivery, warehousing and financing and other projects. The Financial Regulatory Commission also opened futures merchants in April this year, which can be transferred to investment trading subsidiaries. Engaged in LME warehouse receipt related business.

Chen Peijun emphasized that the opening of this business will not only help the diversified development of futures merchants' business, but also expand the service scope of my country's futures industry to the real industry, which will benefit the metal industry, warehousing industry and the economy of Kaohsiung Port, where the LME submission port is located. .

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