Date
21 July 2018

China eyes bonded area delivery for ore futures, paper says

China is considering allowing delivery of iron ore futures in bonded areas, China Securities Journal reported Wednesday, citing the China Securities Regulatory Commission. Iron ore futures began trading on the Dalian Commodity Exchange on Oct 18. To curb risk, iron ore futures are denominated in renminbi and delivered physically. Foreign companies are allowed to trade iron ore futures only through mainland-incorporated facilities, the report said.

– Contact HKEJ at [email protected]

KZ/AC/RA

 

EJI Weekly Newsletter

Please click here to unsubscribe