China and Dalian Commodities Exchange

Transaction fees: Base metals futures also fell on Tuesday, while other commodities, including coking coal and cotton, surrendered most of their early gains to end nearly flat, according to Euro News. China top commodity exchanges in Dalian, Shanghai and Zhengzhou increased trading margins and fees in response to last week spike in prices and volumes, which some analysts said were not matched by fundamentals for the underlying commodities. Transaction fees for iron ore futures were hiked for a second time in as many days, after the original increase led to a sharp drop in iron ore and steel futures in China that helped cool a week-long surge in local commodities markets. The Dalian Commodities Exchange in northeast China said it would raise transaction fees for iron ore and polypropylene futures contracts twice in two days this week. The most traded September iron ore contract on the Dalian exchange closed down 6 percent at its exchange-set floor of 450.50 yuan a tonne. The exchange said on Tuesday it would also hike transaction fees for coke and coking coal futures contracts starting from April 27. (news.financializer.com). As reported in the news.