Dalian Commodity Exchange (DCE) issued a notice on May 28 stating that, starting from trading on May 30, the trading fee rate of iron ore futures contract 1909 (the main iron ore futures contract) shall be adjusted from 0.06‰ to 0.10‰ of the trading turnover.
The trading fee rate of iron ore futures contract other than January, May and September contracts shall be adjusted from 0.006‰ to 0.06‰ of the trading turnover.
Iron ore futures prices of the main contract have moved on an overall rising trend for the past two consecutive weeks, rising from the closing price of RMB 652/mt ($94.5/mt) on May 14 to the closing price of RMB 757/mt ($109.7/mt) on May 28. DCE’s move to increase the trading fee rates for iron ore aims to curb the rapid increases of iron ore futures prices.