BEIJING, July 8 (Reuters) -
* Hong Kong Exchanges and Clearing (HKEx) said on Monday it would start trading in six dollar-denominated London metal mini futures on Aug. 5.
* The monthly cash-settled contracts, whose impending launch was first flagged in May, will be available in aluminium, zinc, copper, nickel, tin and lead, HKEX said in a statement on its website.
* The mini contracts are smaller than the base metal contracts traded on the HKEx-owned London Metal Exchange (LME), with copper, aluminium, zinc and lead in five tonne lots and tin and nickel both in one tonne lots.
* The contracts will complement existing London metal mini futures denominated in offshore yuan, HKEx says; those will be renamed as “CNH London metal mini futures” on launch of the dollar products.
* The dollar minis will “provide trading opportunities for investors that have exposure in US dollar-denominated base metals in the Asian time zone,” said Dennis Zhang, HKEX’s head of commodities development. (Reporting by Tom Daly Editing by Keith Weir)