CME Group's aluminum spot delivery business had been boosted since September this year (2019), with good warehousing conditions. Its warehouses ranged from the US to Europe and Asia, and its turnover was considerable.
CME, the largest futures exchange operator in the world, had been building a strong warehouse network in recent years and had focused on the aluminum market.
According to the International Aluminum Institute (IAI), aluminum production had been increasing in Asian markets, with China leading the way.
As a result, CME had added warehouses in Asia, including Malaysia, Singapore and South Korea, and the circulation of the warehouse was definitely good.
CME has strong storage presence in Asian markets
1 Nov 2019 16:22 reported by Justin Yin
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