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 June 2009,  Issue 21
 

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Welcome to June's newsletter.  In this month's issue:-  

  • SHFE - APPROVES INTERNATIONAL COPPER AND ALUMINIUM BRANDS
  • LCH.CLEARNET - TO CLEAR IRON ORE SWAPS
  • LME - LISTS NEW GOOD DELIVERY POINT
  • EUREX - TO LAUNCH SILVER FUTURES AND OPTIONS CONTRACTS 
  • LCH.CLEARNET & DTCC - NO LONGER IN MERGER NEGOTIATIONS 
  • SICOM & NCDEX - SIGN AGREEMENT TO DEVELOP BOTH COMMODITY MARKETS



SHFE - APPROVES INTERNATIONAL COPPER AND ALUMINIUM BRANDS 

Since January 2009,  The Shanghai Futures Exchange has approved the following additional international brands as re-registered under its Copper and Primary Aluminium Contracts:-

Copper Brands:-
  • ABRA - Freeport-McMoRan Copper & Gold, Chile
  • AE - Corporacion Nacional del Cobre (CODELCO), Chile
  • CbM - Caraiba Metais S.A., Brazil
  • CCC-SX-EW - Corporacion Nacional del Cobre (CODELCO), Chile
  • CMCC - Cia. Minera Cerro Colorado, Chile
  • ENM - Corporacion Nacional del Cobre (CODELCO), Chile
  • ESOX - Minera Escondida Ltd., Chile
  • FMS - Freeport-McMoRan Copper & Gold, Spain 
  • HMG-B - KGHM Polska Miedz S.A., Poland 
  • HMG-S - KGHM Polska Miedz S.A., Poland
  • HML - KGHM Polska Miedz S.A., Poland
  • KUC - Kennecott Utah Copper Corporation, USA
  • MB - Anglo American Norte S.A., Chile
  • MV - Anglo American Norte S.A., Chile
  • MIC-P - Minera Michilla S.A., Chile 
  • MIC-T - Minera Michilla S.A., Chile
  • MCM - Mopani Copper Mines Plc, Zambia
  • NORANDA - Xstrata Copper Canada Division, Canada
  • ONSAN I - LS Nikko Copper Inc., South Korea
  • ONSAN II - LS Nikko Copper Inc., South Korea
  • P*D - Freeport-McMoRan Copper & Gold, Chile
  • SMCV - Freeport-McMoRan Copper & Gold, Chile
Primary Aluminium Brand:-
  • PORTLAND - Alcoa of Australia Limited, Australia
For further information, please go to:

http://www.shfe.com.cn/Ehome/page.jsp?id=3

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LCH.CLEARNET - TO CLEAR IRON ORE SWAPS

On 6 May 2009, LCH.Clearnet announced that it would launch, during May 2009, clearing in over-the-counter (OTC) CIF China iron ore swap contracts. The LCH is working with Freight Investor Services (FIS), a freight and iron ore broker, to provide industry users with market knowledge.

The contracts are monthly cash-settled swaps, based on industry published prices.

For further information:

http://www.lchclearnet.com/media_centre/press_releases/2009-05-06_02.asp

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LME - LISTS NEW GOOD DELIVERY POINT

The LME advised, on 8 May 2009, that its Board of Directors had approved, with effect from 10 June 2009,  the listing of Port Klang, Malaysia as a Good Delivery point for the following metals:- Primary Aluminium, Aluminium Alloy, Copper, Lead, Nickel and Zinc. 

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EUREX - TO LAUNCH SILVER FUTURES AND OPTIONS CONTRACTS

On 15 June 2009, Eurex, the international derivatives exchange, will launch Silver Futures and Options Contracts.  The contracts will be denominated in US Dollars and cash settled.  The price will be based on the benchmark London silver fixing.

For further information:- http://www.eurexchange.com/about/press/press_630_en.html


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LCH.CLEARNET AND DTCC NO LONGER IN MERGER NEGOTIATIONS

It has been reported that the proposed merger between LCH.Clearnet and The Depository Trust & Clearing Corporation (DTCC) will not be proceeding. 

The transaction, which was initially announced in October 2008,  has not taken place as LCH.Clearnet, the Clearing House for the London Metal Exchange, did not agree to the terms of the merger.

For further information, please go to:-
 
http://www.dtcc.com/news/press/releases/2009/lch.clearnet.php

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SICOM & NCDEX - SIGN AGREEMENT TO DEVELOP BOTH COMMODITY MARKETS

On 26 May 2009, The Singapore Commodity Exchange Limited (SICOM) and The National Commodity & Derivatives Exchange Limited (NCDEX) of India entered into an agreement that will allow designated products to be traded and cleared in both exchanges.  

Initial contracts to be cross-traded will be SICOM's rubber and NCDEX's agricultural commodity index.  SICOM currently lists two rubber futures contracts while NCDEX, lists contracts in agricultural, bullion, metals, energy and environment products.  

The exchanges will designate new products in response to industry demand and will jointly market and promote these designated products. 

For more information, please go to:- 

http://www.sicom.com.sg

http://www.ncdex.com

 
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METAL REGISTRATION LTD is the leading independent provider of brand registration services to metal producers wishing to list their metal production on:

  •  The CME Group - NYMEX - COMEX
     
  • The Dubai Gold and Commodities Exchange - DGCX 
     
  • The London Bullion Market Association - LBMA 
     
  • The London Metal Exchange - LME  
     
  • The Shanghai Futures Exchange - SHFE 
     
  • The Tokyo Commodity Exchange - TOCOM
Our Brand Registration Service ensures your brand application dossier meets the rules and procedures of the chosen Exchange or Market.  We project manage your brand application throughout the entire listing process enabling you to keep focus on your other important business activities.

Metal Registration Ltd, 211 Piccadilly, London,  United Kingdom, W1J 9HF.
To Contact Us please email: info@metalreg.com
Tel: + 44 (0)20 7917 2740
Fax: + 44 (0)20 7917 1740
www.metalreg.com

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