[Ferro-Alloys.com] The newly launched iron ore options will not only help China to have more decision power in the international market but also further enrich the country's financial market, said experts.

Approved by the China Securities Regulatory Commission, the iron ore options started trading at the Dalian Commodity Exchange (DCE) on Monday. With iron ore futures as the underlying assets, the newly launched options include 10 contracts.

General Administration of Customs latest data showed that China imported 90.65 million tonnes of iron ore in November, down 2.4 percent from 92.86 million tonnes last month, up 5.1 percent from 86.25 million tonnes a year earlier. The data also showed that between January and November, China imported 970.69 million tonnes of iron ore, down 0.7 per cent from 977.68 million tonnes a year earlier.

Click here for more information: Ferrosilicon Daily Express 12.11

• [Editor:kangmingfei]