Where is the Dalian Commodity exchange?
Where is the Dalian Commodity exchange?
China
The Dalian Commodities Exchange (DCE) is located in Dalian, China, and trades futures contracts on a wide variety of commodities. The exchange is among the largest exchanges for agricultural futures in the world.
What is DCE iron ore?
DCE launched Iron Ore Futures contracts on October 18, 2013, which is currently the world’s largest iron ore derivatives market with an average daily volume of 2 million contracts and an open interest of 1.8 million contracts. …
What is traded on the commodity exchange?
Commodity trading covers the buying and selling of a large range of instruments including oil and gas, metals such as gold and silver and soft commodities like cocoa, coffee, wheat and sugar. Commodity trading is as old as the financial markets, and perhaps even older than that.
What are iron ore futures?
An Iron Ore Futures contract is a cash settled derivative contract based on a financial index only giving rise to the payment or liability to payment of the outturn of an average index price against the traded value of the commodity contract (“Index or Assessment”).
What are steel futures?
Mitigate steel and steel scrap price exposure with exchange-traded, cash-settled futures. Protect margins, hedge physical long positions, offer floating and fixed price physical transactions, and mitigate their steel price risk more effectively with Steel futures.
What is iron ore?
Iron ores are rocks and minerals from which metallic iron can be extracted. There are four main types of iron ore deposit: massive hematite, which is the most commonly mined, magnetite, titanomagnetite, and pisolitic ironstone. These ores vary in colour from dark grey, bright yellow, or deep purple to rusty red.
What are the benefits of commodity exchange?
Advantages of commodity trading
- Protection against inflation.
- Hedge against risky geopolitical events.
- High leverage facility.
- Diversification.
- Transparency.
- Leverage.
- Volatility.
- Not ideal for diversification.
What is iron ore 62%?
Iron ore prices refer to Iron Ore Fine China Import 62 percent grade Spot Cost and Freight for the delivery at the Chinese port of Tianjin. Is used to make steel for infrastructure and other construction projects. The biggest producers of iron ore are China, Australia and Brazil.
Will steel prices go down in 2021?
Will steel prices go down in 2021? Steel prices are extreme and should decline from late second quarter through the end of 2021. Locking now will mean over-paying over the second half of the year.
Will steel prices go up in 2021?
But steel prices have declined from the historical highs of July 2021 despite the slight rise in global steel prices. Indian HRC trading prices rose Rs 1,400/t w-w to Rs 65,000-66,000/t (in Mumbai) in the week ending July 30, as consumers resumed buying in anticipation of price hikes in August 2021.
Which country is the largest producer of iron?
The world’s top five largest iron ore producing countries in 2020
- Australia – 900 million tonnes.
- Brazil – 400 million tonnes.
- China – 340 million tonnes.
- India – 230 million tonnes.
- Russia – 95 million tonnes.
