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China’s benchmark coking coal and coke futures swung between gains and losses on Wednesday following another blistering rally, after the market regulator announced an increase in transaction fees for the actively-traded contracts.
China’s Dalian Commodity Exchange on Tuesday issued a notice on the increase in handling fees for October, November, December and January contracts, effective from Wednesday’s night trading.
The most-active January coking coal ended the morning session 0.7 percent lower at 2,827.50 yuan ($437.51) a ton, after a 15.7 percent advance over the last five sessions. — Reuters
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