May 22, 2019 / 1:08 PM / 5 months ago

Dalian commodities exchange tells investors to trade rationally after iron ore, coke prices jump

BEIJING, May 22 (Reuters) -

* The Dalian Commodity Exchange on Wednesday told investors to trade “rationally” after noting large fluctuations in the futures prices of iron ore and coke on the bourse.

* Chinese iron ore futures climbed as much as 4.1% to 733 yuan ($106) a tonne on Wednesday, the highest level since the contract was launched in 2013, before closing up 3.4%.

* Coke, another steelmaking ingredient, jumped as much as 5.3% to a nine-month peak.

* “In recent times, the economic and financial situation at home and abroad has become more complex and variable,” the exchange said in a statement on its website, urging members to strengthen risk management.

$1 = 6.9022 Chinese yuan renminbi Reporting by Tom Daly; Editing by Susan Fenton

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