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China’s Dalian Commodity Exchange on Tuesday urged its members to act “rationally” in trade of iron ore futures contract amid price fluctuations of the commodity.
“The iron ore market has been facing many uncertainties recently,” said the bourse, adding that it would strengthen investigations and strictly crack down on irregularities.
It came after the most actively traded iron ore futures contract on the exchange hit 775.5 yuan per tonne intraday on Monday, the highest level since August 2019. The contract has jumped more than 8 per cent since May 26 and its total . . .
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