Putuo aims to build global commodity trade hub

Putuo District Party Secretary Hu Guangjie pledged at the recent 2025 International Development Conference on Commoditiesthat the district will advance the construction of a commodity trade supply chain industrial system to establish an internationally influential commodity trade hub.

Currently, Putuo District accounts for one-sixth of Shanghai's total commodity trade volume, with its non-ferrous metals trade representing as much as one-third. From January to October this year, the district's non-ferrous metals bulk trade reached 1.1 trillion yuan (US$156.92 billion), constituting 78.4 percent of the district's large-scale commercial sales. Putuo has attracted a cluster of related enterprises spanning from non-ferrous metals trading to supporting logistics, futures, and banking services.

Located at 2550 Zhongshan Road N., the Commodity Trade Building houses the Shanghai Non-Ferrous Metals Trading Center. Last year, the trading volume in this building exceeded 760 billion yuan. One out of every four tons of circulating electrolytic copper in Shanghai is traded here.

Recently, Shanghai Guomao Holdings Co Ltd, with a registered capital of 13 billion yuan, established its presence in Putuo. This marks a new multi-billion-yuan "engine" for the district's core commodity trade zone.

Putuo is now developing the Half-Marathon Suzhou Creek Non-Ferrous Metals Productive Internet Service Platform Cluster Zone. Centered around the Commodity Trade Building, a headquarters cluster park for bulk trading is being planned along the Suzhou Creek waterfront, while logistics park support is being strengthened in the northwestern area. A three-dimensional industrial layout of "trading core zone + headquarters cluster park + logistics support belt" is taking shape.

In the next five years, Putuo District aims to achieve a commodity trade scale of trillions of yuan in the Half-Marathon Suzhou Creek cluster zone, contributing over 15 percent to the regional GDP and generating tens of billions of yuan in related tax revenue.