Dalian commodity exchange to raise fee on September iron ore contract

Piles of iron ore at Cape Lambert, Australia. (Credit: Rio Tinto)

Dalian commodity exchange said on Monday it would raise the transaction fee for the September iron ore contract from March 30, according to a statement on the website of the exchange.

The exchange also said it would raise the margin requirement for speculative trading of iron ore contracts for May and September deliveries to 15% from 12% from settlement on March 30, according to a separate statement.

(By Min Zhang, Hallie Gu and Dominique Patton; Editing by Edmund Blair)

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