JP Morgan Chase is aiming to boost physical trading activity in China’s oil market, Indonesia’s coal sector and across Asian metals, Reuters reports. Expansion in the Chinese oil trading business is part of the bank’s broader strategy to grow.
JP Morgan is also looking for coal purchase contracts in Indonesia as part of a move to grow its physical trade there. JP Morgan will appoint two to its team of four covering the region’s gas, power and coal sectors.
Click here for the story from Reuters.