Chinese metal futures market outperforms agricultural, but lags behind U.S. counterparts.
The article examines the quality of commodity futures markets, focusing on liquidity, efficiency, and volatility. The Chinese commodity futures market is stable overall, with metal futures being more efficient than agricultural futures. Compared to the U.S. market, the Chinese market is less liquid and more volatile. Factors like macroeconomic variables and futures contracts influence the market quality of Chinese commodity futures.