China-Australia relations: iron ore prices drop after Dalian Commodity Exchange tightens limits on futures positions

Summary:
[unable to retrieve full-text content]Iron ore prices have started to fall after China’s Dalian Commodity Exchange (DCE) tightened its trading rules on Monday in an effort to cool prices that had reached their highest point since 2011.On Thursday afternoon, iron ore was trading at about US2 a tonne after closing on Monday at US6 – the highest price this year, and more than twice the low of about US a tonne in late March, according to the MBIOI-62 price index.The pivot comes after the DCE tightened its limits on opening…

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