Dalian exchange going global

Dalian Commodity Exchange is making preparations for the participation of foreign investors in iron ore futures trading, its chairman said on Wednesday in Dalian, Northeast China's Liaoning province.

"With the participation of overseas investors, we can form a more complete pricing system in the futures and spot markets, thus improving the iron ore pricing mechanism for international trade," said Li Zhengqiang, addressing the two-day 2017 China Iron Ore Conference which was held in the city.

The DCE launched China's first iron ore futures with physical delivery in October 2013. Since then, the trading volumes have kept increasing.