Shanghai looks to create freight derivative markets

China makes regionally established commodity benchmarks a policy aim

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The global freight derivatives market underwent some depressed years with prices tumbling and market participants pulling out in line with broader economic growth but there was a notable pick-up in the market in the last quarter of 2013. This increase was largely attributed to the picking-up demand for freight from China. China is the world's second largest economy and the single most important factor in commodity markets – for example it accounts for 40% of global base metal demand, ac

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