Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Trade

China's iron ore futures trading sees active overseas investor participation

May 06, 2019


Abstract : The trading scale grew rapidly one year after overseas investors began to trade in domestic iron ore futures on the Dalian Commodity Exchange (DCE), according to Shanghai Securities News.

BEIJING, May 6 (Xinhua) -- The trading scale grew rapidly one year after overseas investors began to trade in domestic iron ore futures on the Dalian Commodity Exchange (DCE), according to Shanghai Securities News.

As the world's largest importer of iron ore, China opened the DCE iron ore futures to international investors in May 2018, providing them effective price signals and hedging tools.

By the end of April, 125 overseas investors opened accounts to trade the contracts, while trading volume climbed gradually since last May.

In the first four months of 2019, foreign investors' trading volume surged by 637 percent compared with the four-month period from May to August 2018, while their combined position of the contracts jumped by 264 percent.

"Since last May, trading of iron ore futures has become more active while futures market participants have become more diversified," said Cai Yongzheng, director of the securities investment department of Nanjing Iron and Steel.

According to rough statistics from DCE cited by the newspaper, the number of investors that have an international background in iron ore futures trading has exceeded 250, and their combined trading volume accounted for 19 percent of the total since the launch of the contracts.

The most active iron ore contract for September delivery dipped 8.5 yuan (about 1.26 U.S. dollars) to open at 626 yuan per tonne on Monday.

Scan the QR code and push it to your mobile phone

Keyword: foreign-trade iron-ore

Reading:

Canton Fair sees more export transactions with Belt and Road countries, regions

Weekly policy snapshot of Chinese economy

Alibaba's eWTP helps SMEs benefit from global trade, cementing digital Silk Road

Chinese enterprises promote e-commerce dev. in countries along B&R

China, Iran boost publication cooperation via Tehran int'l book fair

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial