Commodity futures exchanges cut commissions

China's three commodity futures exchanges lowered trading commissions for all products effective June 1, according to statements posted on the bourses' websites.

The Shanghai Futures Exchange cut fees for trading copper futures to 0.008 percent from 0.01 percent, zinc to 4 yuan a lot from 8 yuan, and gold to 20 yuan a lot from 30 yuan, according to the statement. The Zhengzhou Commodity Exchange lowered sugar's commission to 3.20 yuan per lot from 4 yuan.

The Dalian Commodity Exchange cut soybean commissions to 2 yuan per lot from 4 yuan, Wang Weiyun, spokesman for the bourse said by phone.