DCE to Adjust Price Limits and Hedging Margins on Iron Ore Contracts from March 31, 2022

SHANGHAI, Mar 29 (SMM) - In accordance with the DCE Risk Management Regulations, the Dalian Commodity Exchange (DCE) has decided to raise the margins of 2205 and 2209 iron ore futures contracts for speculative trading from 12% to 15% while keeping the daily price upside and downside limits, as well as the margins for hedging business unchanged at 10%, effective from the settlement on March 30, 2022.

The Dalian Commodity Exchange (DCE) added Xiamen Xiangyu Logistics Group Co., Ltd., China National Minerals Co., Ltd. and Qian'an Jiujiang Wire Co., Ltd. as designated factories and warehouses for iron ore, according to the announcement recently issued by the DCE.

The Shanghai Futures Exchange (SHFE), Dalian Commodity Exchange (DCE) and Zhengzhou Commodity Exchange (ZCE) said Friday that they will resume night trading starting Wednesday May 6, the first trading day after the five-day Labour Day holiday.

Dalian Commodity Exchange (DCE) wll firmly push for internationalization of iron ore futures contracts, Wang Fenghai, General Manager of DCE said. 

Iron ore futures contract on the Dalian Commodity Exchange (DCE) for delivery in January 2018 closed up 6.61% at 580.5 yuan/tonne on August 18.

Dalian Commodity Exchange (DCE) announced to adjust trading margins for coking coal and coke futures contracts and to adjust position caps for iron ore futures contracts.   

It was a typically quiet Friday, with a flat day on the DCE iron ore and SHFE rebar futures not offering much direction to buyers ahead of the weekend.

The iron ore market was decidedly dark last week as the DCE iron ore futures shed a further 2.61% on Friday to add to Thursday’s woes, as per The Steel Index.

The onshore Iron Ore futures markets were more-orless flat last Friday, with DCE iron ore unmoved at the end of the day and SHFE rebar up a fraction of a percent, as per The Steel Index.