Iron Ore Trading in China Climbs to Record as Price Advances
This article is for subscribers only.
Trading of iron ore derivatives on China’s Dalian Commodity Exchange climbed to a record last month as prices increased.
Volume jumped 33 percent in May from a month earlier to 24.86 million contracts, or 2.49 billion metric tons, according to bourse data. The previous all-time high was set in April. Compared with a year earlier the volume more than tripled.