Business Insider 31/05/2019 from same article as per last post
After closing at 740 yuan on Wednesday evening, well below the record peak of 774.5 yuan set a day earlier, Dalian iron ore futures continued to slide, finishing Thursday’s session at 737 yuan a tonne.
The September 2019 contract recovered after falling as low as 730 yuan in early trade.
The steep reversal in Chinese iron ore futures followed a decision from the Dalian Commodities Exchange (DCE) to lift transaction fees, a move likely designed to discourage speculative activity.
In a statement released last week, the DCE asked its members to trade “rationally” following large gyrations in several futures contracts, including iron ore.
Read more at https://www.*.com.au/iron-ore-price-china-pmi-steel-output-2019-5#C8TrdrdoK0EipV0j.99
Business Insider 31/05/2019 from same article as per last post...
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