( ),, 11 1
19 20 9 11 13 43 7
57 LME (SHFE) NYMEX 1877 1988 1992 24 CEO
2005 2001 90% 10% 2001 2003 12% 25% 2003 11 38%
2001 22 2002 35 2003 57 11 (1913 ) 1680 113 6.4
10 20 3 4 5 2004 10
34 3 6 3 6 3 6 10 29 0.27
48 120 3 10 26 55 10 28 50 6 10 29 51 EIA 9.11
9.11 9.11
2003 37.4% 70% 80%,
10
11 2003 6 7 478 48% 6 7 171.1 / 4 5 8.4% 8 9 163.7 / 6 7 4.32% 1 1 7 10
,,,, (IPE) (NYMEX) 8 25 BP BP 1 36.3 2.6 4000 90
OTC 50 100