.jpg)
The “2018 Iron Ore International Market Seminar” was held in Qingdao on March 21. Zhu Lihong, Vice President of Dalian Commodity Exchange (DCE), delivered a speech. She said that DCE will keep improving the contract stability, price continuity and tool completeness of iron ore futures, thus providing all enterprises in the ferrous metals industry chain with more optimized risk management tools and more scientific pricing basis and continuing to explore the new ways of its ferrous metals futures products to serve the real economy.
In recent two years, DCE has actively promoted the iron ore basis trading pilot programs to urge futures markets to better integrate into spot trading system and enhance futures market’s quality of serving the real economy. Currently, some large state-owned enterprises and trading companies in ferrous metals industry have attempted to sign a contract through basis trading and made relevant operations in the futures market, which has achieved good results. DCE will continue to support industry enterprises to make use of the derivatives market to carry out basis trading, expand operation modes, effectively manage risks, make scientific pricing, thus promoting the continuous and sound development of China’s ferrous metals industry.
