October 19, 2018 / 6:58 AM / a month ago

HKEX's commodity trading platform QME starts trading on Friday

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 (600057.SS) 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)

Reporting by Muyu Xu and Tom Daly; editing by Richard Pullin

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