Oct. 13 — Dalian Commodity Exchange deputy GM Wang Yufei said DCE has tightened delivery standards and adjusted premiums/discounts to raise futures representativeness. DCE lowered the iron‑ore futures benchmark grade from 62% to 61% to match shifts in mainstream ore quality and spot pricing needs; domestic and international spot indices subsequently adjusted and spot‑futures pricing benchmarks have converged, with port spot trades routinely referencing futures. For coking coal, futures prices ar

A senior IMF official said rising government bond yields have become the biggest emerging risk to global financial stability. Asanastios Vamvakidis, deputy director of the IMF’s capital markets division, said yield increases since the IMF’s April assessment are the clearest change in the risk outlook. He flagged other growing vulnerabilities, including the risk of an AI-driven market pullback, but called the sharp rise in sovereign yields a more direct and urgent threat. With the US‑Iran conflict pushing up inflation and central banks responding with rate hikes, borrowing costs in the US, Europe and Japan have risen to multi-decade highs, raising investor concern that high debt levels combined with rising refinancing costs will intensify fiscal pressure on governments.

Turkish President Erdogan said Turkey voiced support for Saudi Arabia after a Houthi militia attack on a Saudi airport.