China bid to cool ore trading welcomed

Original article by Paul Garvey
The Australian – Page: 20 : 28-Apr-16

A sharp rise in iron ores futures trading in China is believed to have contributed to recent volatility in the price of the steel input. Atlas Iron MD David Flanagan recently visited China, and says he was told that many so-called "mum and dad" investors are actively trading iron ore futures. The Dalian Commodity Exchange has sought to rein in futures trading activity by doubling its trading fees.

CORPORATES
ATLAS IRON LIMITED – ASX AGO, FORTESCUE METALS GROUP LIMITED – ASX FMG, DALIAN COMMODITY EXCHANGE, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, VALE SA, THE GOLDMAN SACHS GROUP INCORPORATED, CLARKSONS PLATOU

Leave a comment