Iron ore: China forges ahead with internationalisation
China’s iron ore market opens up, despite weak start for crude futures
China’s decision to open up its iron ore futures market to foreign investors despite a lack of interest in crude oil futures, which were launched just six weeks ago, points to the determination of Beijing to push ahead with its internationalisation agenda.
Although iron ore futures have traded on the domestic market in China since 2013, international traders without an onshore presence have been unable to trade them. This changed on May 4 when the Dalian Commodity Exchange (DCE) opened up the
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