What does iron ore in futures mean?

Iron ore futures are commodity futures contracts based on the standardized characteristics of iron ore futures contracts. 20 12 10, the iron ore futures of Dashang Institute have been approved by CSRC. 201310/8 iron ore futures contract has been listed and traded in Dalian Commodity Exchange.

Iron ore futures will be officially introduced into the business of overseas dealers on May 4, 20 18.

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