China's exchange tightens restrictions on iron ore trading after it hit record high, analysts see correction next year on easing demand

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China's exchange moved to tighten restrictions on the trading of iron ore futures, which hit a new record high on Monday and more than double from April levels. Analysts forecast that iron ore prices will ease next year due to slowing demand.

Iron ore futures price has soared in recent months, with the the most traded contract on the Dalian Commodity Exchange surging nearly 10 per cent on Monday to 1,144.5 yuan ($175) per tonne, the highest since the contract began trading in 2013. That's 50 per cent higher than levels in late . . .

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