Iron Ore (Dalian)

Iron ore 62% Fe futures traded on the Dalian Commodity Exchange (DCE) and denominated in RMB. This is China's onshore benchmark and the world's most-traded iron ore contract. It is the counterpart to IRONORE, which is seaborne CFR-China and USD-denominated. The two can decouple when onshore Chinese steel demand diverges from seaborne supply.