which are priced in yuan and largely

Iron ore futures in Dalian, which are priced in yuan and largely closed to offshore investors, have rallied 38 per cent this year. The contract drew global attention in March and April, when a retail investors’ frenzy in China spurred a surge in raw materials prices and volumes that was then quelled by regulators. SGX iron ore futures, which are priced in dollars, are 39 per cent higher, while spot prices from Metal Bulletin Ltd.

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