China's Dalian Commodity Exchange (DCE) has tightened its limits on the opening of positions to 2,000 lots per day for non-brokerage members or clients on all iron ore futures contracts from Tuesday December 22.
In an announcement on Monday evening, it said it would restrict the opening of positions - both long and short - to 2,000 lots per day on all iron ore futures contracts for such members and clients.This followed a surge of 101 yuan ($15) per tonne by the exchange's May contract, which has the highest open interest, at the close of...