Videos about commodities, China

The explosive growth of China has propelled the Shanghai Futures Exchange ahead of its rivals in New York and London to the top of the world rankings of commodity exchanges.

Judged purely on the number of commodity contracts traded in 2009, an astronomical rise in steel and copper trading allowed Shanghai to lead a trio of Chinese exchanges into the top six.

Traders around the world who used to look to London, New York, Chicago and Tokyo for a sense of the prevailing price of anything are becoming isolated if they do not check the day’s prices in Shanghai.

http://business.timesonline.co.uk