






The exchange said the introduction of foreign investors in iron ore trading had improved both the investor structure and the pricing mechanism. The annualized index, which measures daily price fluctuations, fell from a year earlier, the report said. Nevertheless, foreign participation is dwarfed by local traders. Earlier this month, DCE's head of industrial products said at a conference in Shanghai that foreign investors had a daily turnover of about 3900, compared with a total of 1.2 million in the same period. Institutional trading in iron ore derivatives is concentrated on Singapore Exchange Co., Ltd. (Singapore Exchange Ltd.), dollar-denominated products account for most of global trade. Earlier this month, the Singapore Stock Exchange said it would launch a high-quality iron ore futures contract to supplement its benchmark and low-quality futures. Iron ore is the main raw material of nearly 1 billion tons of steel industry in China every year. China's steel industry is the largest steel industry in the world. In recent years, due to speculation by local retail investors, iron ore prices in Dalian have also fluctuated sharply.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn