FUTURES MARKET – CHINA

Welcome to the futures: Dalian’s iron ore pitch

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Original article by Glenda Korporaal
The Australian – Page: 20 : 1-Oct-18

Glencore and Trafigura are among the international companies that have commenced trading iron ore on the Dalian Commodity Exchange since it was opened to foreign companies in May. The exchange’s CEO Wang Fenghai would like BHP Billiton, Rio Tinto and Fortescue Metals Group to trade on the exchange, adding that an unnamed Australian company already does so. The Dalian exchange launched iron ore trading contracts five years ago, and it now accounts for 96 cent of global iron ore futures trading.

CORPORATES
DALIAN COMMODITY EXCHANGE, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, GLENCORE PLC, TRAFIGURA BEHEER BV, CARGILL INCORPORATED, HEBEI IRON AND STEEL COMPANY LIMITED, VALE SA

Iron ore futures soar on mill closures

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Original article by Lisa Murray
The Australian Financial Review – Page: 23 : 25-Nov-16

The January 2017 iron ore contract has gained over 17 per cent on the Dalian Commodity Exchange in the last three trading sessions. Futures traders have responded positively to the Chinese Government’s plans to reduce steel production and shut down inefficient steel mills. Analysts note that demand for higher-grade iron ore is rising as steel mills seek to reduce their greenhouse gas emissions. The sharp rise in the price of coking coal has also increased demand for higher-quality iron ore.

CORPORATES
DALIAN COMMODITY EXCHANGE, BAOCHENG FUTURES, THE STEEL INDEX LIMITED, MYSTEEL.COM LIMITED, THE GOLDMAN SACHS GROUP INCORPORATED

China bid to cool ore trading welcomed

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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