DCE speeds up launch of scrap futures and iron ore options

Thursday, 06 June 2019 11:01:06 (GMT+3)   |   Shanghai
       

Wang Yufei, Deputy General Manager of Dalian Commodity Exchange (DCE) has stated at the Iron Ore International Market Forum (2019) held in Qingdao on June 4 that DCE is speeding up the launch of scrap futures and iron ore options, to enrich the safety chain of China’s steel industry.

Since China is the largest iron ore importer in the global market, the fluctuation in global iron ore prices will easily generate a direct impact on China’s steel industry. However, global market has experienced the profound adjustment, with more and more factors affecting iron ore prices. Finding a good way to avoid the potential risks from fluctuation in global iron ore prices will be necessary for the high-quality development of China’s steel industry.


Most Recent Related Articles

CISA mills’ daily steel output down slightly in July 1-10, still near record high

Hunan Valin Steel expects H1 net profit to rise by over 30% amid positive Q2

Weak demand pushes coking coal prices in China down slightly this week

China’s coking coal imports down 23.8 percent in May from April

CISA mills’ daily output stops increasing in late June, stocks decline