Dalian Commodity Exchange deputy GM Wang Yufei said futures liquidity is absorbing industrial hedging demand and strengthening cash‑futures linkage. In 1H2026 combined futures and options volume for coking coal, coke and iron ore reached 210 mln lots, up 46% YoY; average daily open interest was 2.18 mln lots, up 13% YoY. Cash‑futures price correlations for coal, coke and iron ore exceed 90% and basis stays within 5%, indicating futures prices are effectively reflecting supply‑demand fundamentals

Dalian Commodity Exchange deputy GM Wang Yufei said futures liquidity is absorbing industrial hedging demand and strengthening cash‑futures linkage. In 1H2026 combined futures and options volume for coking coal, coke and iron ore reached 210 mln lots, up 46% YoY; average daily open interest was 2.18 mln lots, up 13% YoY. Cash‑futures price correlations for coal, coke and iron ore exceed 90% and basis stays within 5%, indicating futures prices are effectively reflecting supply‑demand fundamentals.