Source:
https://scmp.com/business/commodities/article/1346677/dalian-exchange-good-startCommodities
Dalian exchange off to a good start
Only time will tell whether the iron-ore futures will reduce clout of big miners
A labour works inside a steel production factory in Dalian.
It has been two weeks since the mainland's first iron-ore futures contract started trading. So far, volumes and open interest are robust and prices are slightly lower.
For the authorities in Beijing, it is a case of "so far, so good" for their goal of gaining more control over the pricing of the steel-making ingredient from the Big Three mining companies that dominate global trade.