DCE lowers price limits and margin on iron ore futures

China's Dalian Commodity Exchange (DCE), headquartered in Northeast China's Liaoning province, has lowered the daily price limit on iron ore futures from 9% to 6%, and reduced the commodity's trading margin from 11% to 8%, both effective from settlement on September 9, according to the latest notice released by the exchange on Monday.

In a separate notice issued the same day, the DCE also imposed a position limit of 5,000 lots per day on non-FCM members or clients trading iron ore futures contracts, effective from the trading session on September 9. The limit refers to the total number of new long and