DCE caps new open interests of May 2021 iron ore contract
Dec 04, 2020 17:50
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The Dalian Commodity Exchange (DCE), China’s exchange with futures contracts on steelmaking raw materials including iron ore, will start limiting the daily new open interests of the most-traded May 2021 iron ore contracts since the night trading session of December 4, capping within 10,000 lots/day for certain investors.
According to the DCE notice released late on December 3, investors
that are not members or customers of the registered futures companies will only
be allowed to add on a maximum of 10,000 lots in their open interests every day
including both long and short positions.
Investments for hedging purposes or from market makers