Wang Yufei, Vice President of Dalian Commodity Exchange (DCE), said at the “2020 China Coal and Coke Industry Conference” on October 22 that DCE is on its way to launch the steel scrap futures and boost internationalization of iron ore options.

Ms Wang also pointed out that DCE is studying on the project of iron ore cash settlement futures contracts via average price, meeting the customers’ needs, promoting continuous active trading of futures contracts, balancing the futures and spot price, and improving hedging operations. Meanwhile, DCE works on adding new deliverable brands for iron ore futures.