Dalian Commodity Exchange plans to introduce coke futures this year and is studying plans for coking coal contracts as consumption for the raw materials rises in China, the world’s biggest steelmaker .
Iron ore futures in China, the biggest buyer of the steel-making commodity, fell the most in more than a month after a report that banks will raise the cost of financing for purchasing the raw material.
China’s securities watchdog is forging ahead with rules that allow brokers to invest in complex financial products and enter risky new businesses even after an unprecedented $3.8 billion trading error roiled markets.
Dalian Commodity Exchange is set to start trading the first iron ore futures contracts for physical delivery as early as this week as China seeks greater control of price setting for the steel-making material.
The London Metal Exchange is attracting a growing crowd to its Asian gala dinner this year, with about 60 percent more attendees. The biggest metals bourse is finding it harder to replicate those gains in trading in the region.