The Dalian Commodity Exchange (DCE) has issued a notice stating that, starting from the trading session on September 9, the daily trading volume for participants or clients of companies not related to futures should not exceed 5,000 lots for all iron ore futures contracts. Starting on September 9, the marginal price of iron ore futures contracts will be adjusted from nine to six percent, and trading margin requirements will be reduced from 11% to eight%.
The DCE solution is aimed at limiting speculative trading and bringing prices to a rational level, stabilizing the market and supporting the real sector. экономики.
Iron ore prices surpassed $100/mt for the first time in seven weeks amid expectations of an increase stocks in China on the eve of the mid-autumn Festival (September 25-27) and the National Holiday (October 1-7), as well as against the background of relatively high marine activity. freight rates. Meanwhile, traders closed their previous optimistic bets on coking coal, which also helped support iron ore prices.
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