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Dear members:

In accordance with Measures for the Implementation of Iron Ore Pricing Trading in Beijing Iron Ore Trading Center ( 2017.07), followings for iron ore spot pricing trading are noticed:

1. Performance Bond

The proportion of performance bond is 10% for iron ore spot pricing trading.

2. Limit Range

The limit up/down of iron ore spot pricing trading is 8% of the settlement price of Dalian Commodities Exchange on the last trading day.

3. Trading Service Fee

Trading service fee for the iron ore spot pricing trading will be  free for the time being.

COREX will release another notice if any adjustments for the content above.

Beijing Iron Ore Trading Center Corporation

17 July, 2017