20 jun: Onsdagens aktier: Langstrakt dag i venteværelset
20 jun: Europa/aktier: Trak sig i lille plus
20-06-2012 17:38:00

UPDATE: London Commodity Brokers To Launch S Africa Commodity Auction Exchange

Relateret indhold

-- LCB to launch South African commodity auction exchange in two weeks' time

-- Commodity auction exchange to trade strategic commodities such as ferrochrome, coal, iron ore, and platinum

-- LCB is in talks with South African and Chinese banks to provide clearing services

(adds details and comments)

By Alex MacDonald

LONDON--U.K.-based brokerage house London Commodity Brokers said Wednesday it's planning to launch in two weeks' time an online auction exchange platform to buy and sell strategic South African commodities on a spot basis.

The platform is aimed at addressing concerns that South African commodity producers are too fragmented in certain commodities such as ferrochrome to viably extract more value from their resources vis-a-vis Chinese consumers who are more organized with regard to their raw materials purchases.

"Clearly a better price for sellers would be achieved by having a single channel of supply and this is what LCB now offers South African producers," the broker said in a statement.

The platform aims to auction commodities such as ferrochrome used in steel, coal, iron ore and platinum, Bevan Jones, general manager of LCB's South African office told Dow Jones Newswires in a phone interview. The platform allows producers to auction their cargos to buyers in a coordinated fashion if desired, thereby helping them achieve better prices for the products sold to Chinese consumers, LCB said.

The model would be similar to what already exists in the potash industry where many large producers of the fertilizer ingredient have formed regional marketing groups to sell their product. In LCB's case, the brokerage house would set up the platform but remain a neutral intermediary by not buying or selling commodities on the platform, it said.

LCB is also working with South African banks and Chinese banks to provide clearing services that would guarantee each side of a trade against default in order to facilitate more timely transactions.

Mr. Jones said that an application to join the online platform isn't predicated upon securing approval for clearing services.

LCB said it has exclusively licensed the platform from the CME Group Inc (CME). Numerous South African producers have already signed up to the platform, according to Mr. Jones. He declined to name them except to say that some of them were LCB clients. Existing clients include BHP Billiton Ltd (BHP) and Anglo American PLC (AAL.LN).

-Write to Alex MacDonald at alex.macdonald@dowjones.com

(END) Dow Jones Newswires

June 20, 2012 11:38 ET (15:38 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Aktier/middag: Mærsk tager bundplacering i middagshandlen

27-03-2017 12:00:29
A.P. Møller-Mærsks aktier falder mandag middag og tager bundplaceringen i C20 Cap-indekset. Dermed følger aktien den trend, der ligeledes ses ude i Europa, hvor råvaresektoren samlet ligger til et fald på 1,5 pct. i det brede europæiske Stoxx 600-indeks.- Vi ser, at olie og råvarer sætter sig lidt i dag, og det slår igennem hos Mærsk, siger Mads Zink, der chefhandler i Danske Bank, til Ritzau Fina..

Novo mister tronen som tungeste aktie i C20 Cap

27-03-2017 09:40:18
Novo Nordisk har ikke længere den største indflydelse på udviklingen i det toneangivende danske aktieindeks, C20 Cap.Medicinalgiganten fra Bagsværd er faldet ned på andenpladsen i vægtningen i indekset trods en markedsværdi, der fortsat er klart den højeste blandt de børsnoterede danske selskaber.Danske Bank er den nye på topplaceringen med en vægt på 14,5 pct., mens Novo-aktien er faldet til 12,9..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Novo mister tronen som tungeste aktie i C20 Cap
2
Aktier/tendens: Trump-forlis kan sende aktier i minus
3
Aktier/Nykredit: Ser risiko for let dukkert på aktiemarkedet
4
Vind/Siemens: Hele vindindustrien vil få glæde af skatterabat
5
Vestas fejrer ny vingefabrik i Indien med hensigtsaftaler

Relaterede aktiekurser

BHP Billiton PLC ORD $0... 1.194,25 -4,1% Fald i aktiekurs
Anglo American PLC ORD U.. 1.204,12 -3,9% Fald i aktiekurs
BHP Billiton Limited 35,65 -2,4% Fald i aktiekurs
BHP Billiton PLC Sponsor.. 30,41 -2,7% Fald i aktiekurs
CME Group Inc 118,30 -1,3% Fald i aktiekurs
BHP BLT FPO 23,55 0,0% Aktiekurs uændret
Anglo PLC 14,95 -1,3% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2017  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
27. marts 2017 18:38:01
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20170324.2 - EUROWEB6 - 2017-03-27 18:38:01 - 2017-03-27 18:38:01 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x