Announcement on Soliciting Public Comments on Regularly Adjusting Brand Premiums and Discounts of Iron Ore Futures and Adding New Deliverable Brands

Fang • submitted 2020-12-14 21:10:16

In order to further facilitate the delivery of iron ore futures, Dalian Commodity Exchange (DCE) now solicits public comments on matters related to regularly adjusting brand premiums and discounts of iron ore futures and adding new deliverable brands. The details are as follows:

I.DCE Proposes to Regularly Adjust Brand Premiums and Discounts of Iron Ore Futures.

Three alternative frequencies are semi-annual, quarterly and monthly adjustments. The sample period of the semi-annual adjustment plan is the previous 180 days, and the new premiums and discounts are applicable for the six-month period after release; the sample period of the quarterly adjustment plan is the previous 90 days, and the new premiums and discounts are applicable for the three-month period after release; and the sample period of the monthly adjustment plan is the previous 30 days, and the new premiums and discounts are applicable for the one-month period after release.

Brand premiums and discounts are regularly adjusted and released based on brand prices and quality premiums and discounts. Brand prices samples are proposed to be collected from diversified entities including Mysteel, Steelhome, Corex and other agencies, designated iron ore delivery warehouses, and the OTC business platform of DCE. The price collection locations are the designated iron ore delivery ports. Brand prices are calculated based on samples collected, with a certain method. The latest brand premiums and discounts are proposed to be released on the last trading day of the month before the month of implementation.

II. DCE Proposes to Research on Adding New Deliverable Brands of Iron Ore Futures.

Currently, IOC6, Kumba and Benxi Steel Mining Concentrate are selected.

Market stakeholders are welcomed to provide comments or suggestions, which can be submitted to DCE through the Questionnaire on Soliciting Public Comments on Regularly Adjusting Brand Premiums and Discounts of Iron Ore Futures and Adding New Deliverable Brands in the link below by December 17, 2020. Please note that your feedback also indicates your consent for your contact information and data to be used by DCE for the sole purpose of soliciting comments as described in this announcement.

Contact Person:

CHEN Zizhen 0411-84808805

MU Wenjun 0411-84808517

Questionnaire Link:

http://www.dce.com.cn/eportal/ui?pageId=6255111

Links:

English: http://www.dce.com.cn/DCE/TradingClearing/Exchange%20Notice/6255255/index.html

Chinese: http://www.dce.com.cn/dalianshangpin/yw/fw/jystz/ywtz/6255256/index.html

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author: Fang

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