According to Jin10, Wang Yufei, deputy general manager of the Dalian Commodity Exchange, said at the black industry forum of the 19th International Oils and Oilseeds Conference and the Agricultural and Livestock Industry (Derivatives) Conference that market operations were improving steadily, and that futures markets are becoming a stabilizer for industrial firms to hedge price risk and stabilize operating expectations. In the first half of 2026, combined trading volume in coking coal, coke, and iron ore futures and options reached 210 million contracts, up 46% year on year; average daily open interest was 2.18 million contracts, up 13% year on year. He also said liquidity was sufficient to meet industrial hedging demand, while spot and futures prices remained closely linked, with spot-futures price correlations for coal, coke, and iron ore all above 90% and basis rates within 5%.