CHINA: DCE Announces Amendments to Iron Ore Futures Contract and Relevant Rules

Friday May 21 2021

On 19^th May 2021, the Dalian Commodity Exchange (DCE) published a notice stating that upon discussion and approval of the Board of Governors, DCE has amended the Iron Ore Futures Contract of Dalian Commodity Exchange, the Measures for Clearing Management of Dalian Commodity Exchange, the Measures for Delivery Management of Dalian Commodity Exchange and the Detailed Rules of Iron Ore Futures of Dalian Commodity Exchange. The amended contract and rules are hereby released and will be applied to I2205 contract month and beyond.

From the first trading day of May 2022, Dalian Commodity Exchange will handle the registration and deregistration of standard warehouse receipts pursuant to the amended rules. The standard warehouse receipts that have been registered pursuant to the original rules shall not be used for the delivery of I2205 contract month and beyond.

Relevant parameters of Fe content quality premiums/discounts of the iron ore futures contract will be published on the last trading day of September 2021 and will be implemented from the first trading day of May 2022 to the last trading day of September 2022. The publication and implementation of subsequent parameters will be subject to the amended rules.

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