Active trade in ore futures
Source: Shanghai Daily |
October 19, 2013, Saturday
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Print Edition
Print Edition
China’s new iron ore futures traded actively on their debut yesterday as traders and steel mills welcomed the tool to hedge risks.
The physically delivered futures contracts are also the country’s latest bid to gain greater control in pricing of the key steel-making raw material. On the Dalian Commodity Exchange, the most-active May contract, with trading volume of 300,818 lots, rose from a base price of 960 yuan (US$157) per ton to close at 977 yuan per ton.
(Shanghai Daily)
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