Westpac market strategist RobertRennie said recently, in the iron ore prices rebound driven by many global miners to reopen the production line, iron ore exports increased, which in turn will make Hu iron ore prices up again suppressed.
Recently, the iron ore price significantly stronger has stimulated many miners to reopen the production line. Last year, Sierra Leone Tonkolili mines closed, to suspend exports of iron ore.
In February this year, Swaziland Ngwenya mine resume production. Cliff Resources Inc. announced last week that the company will resume in the iron ore production activities in Minnesota.
Last month, the India government announced that the iron ore export tariffs on 58% of the taste will be cut by 10%, while lower grade ore export tax will drop 30%.
Many manufacturers in Africa, India, Brazil have resumed production and export.
The next few months, will increase the intensity of production, iron ore prices may be up to stop.
DCE intends to adjust the iron ore, the minimum trading margin standards and price limits
According to the "measures" Dalian commodity exchange risk management provisions of article ninth, it was decided that I will be around 2016 Tomb-sweeping Day Hugh city for the variety of margin trading standards and price limits shall be adjusted as follows:
From March 31, 2016 (Thursday) settlement, iron ore, polyethylene, polypropylene and PVC price limits and minimum trading margin standards were adjusted to 7%, 9%; other varieties of price limits and minimum trading margin standards remain unchanged.
April 5, 2016 (Tuesday) after the resumption of trading, the two contract iron ore, polyethylene, polypropylene and PVC positions the largest did not appear at the same time limit the unilateral discontinuous offer the first trading day settlement, the varieties of iron ore price limits and minimum trading margin standards respectively recovered to 6%, 7%; polyethylene and polypropylene varieties and minimum price limits were restored to the standard trading margin of 5% and 6%; the varieties of PVC and minimum price limits were restored to the standard trading margin of 4%, 5%.
At the same time to meet the "measures" Dalian commodity exchange risk management related to the adjustment of margin trading standards and price limits of the contract, the minimum trading margin standards and price limits in accordance with the provisions of the larger numerical value.
In addition, in order to make the member more clear in 2016 during the Qingming trading in the night time, the tips are as follows:
April 1st (Friday) night without trading in the night of April 5th; all futures auction time is 08:55-09:00; the night of April 5th resumption of trading in the night.
On the other night trading according to the provisions of the relevant implementation rules implementation. All member entities do customer night trading tips work schedule, ensure the smooth operation of the market.