The results showes that as the biggest metal futures exchange in the world, future price of Cu in LME is the Granger Causal of that of Cu in SHME for a long time.

• 结果表明:作为全球最大的金属期货交易所,长期以来伦敦金属所金属铜的期货价格对上海期货交易所的期铜价格都具有主导作用。