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Located in the Wumao Building--The largest non-ferrous metal spot market in China, Shanghai Metal Exchange Market (SHMET) announces the Shanghai Spot Metal Quote (SHMET). Since May, 2000 the Shanghai Spot Metal Quote bas been updated on daily basis. It shows the spot prices for the six base metals in China - copper, aluminum, nickel, lead, zinc and tin. These prices are used by industries worldwide as a basis of the contracts for movement of physical materials throughout the production cycle. Shanghai Metal Exchange Market launched the country’s first spot metal price index called ‘Shanghai Metal Price Index’ (SHMETX) on July 12, 2004. SHMETX serves as a barometer of the metal market in China and provides a reliable price benchmark across the metals industry. The index is aimed at the China metal consumers enabling them to avert risks against market price volatilities.

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