Author: Lalita
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China: Benchmark iron ore futures retreat as DCE sets trade limit
Iron ore futures prices in Dalian and Singapore Exchange pulled back as China’s DCE imposed trading limit for iron ore futures. The market regulator limited the single-day position openings of non-futures company members’ to 2,000 lots from today’s (22 Dec ’20) session. Most-traded May ’21 contract in DCE closed at RMB 1,055/t while Jan ’21…