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MANILA/BEIJING, May 3 (Reuters) - China opens trade in Dalian iron ore futures to foreign investors from Friday, aiming to boost its pricing clout for one of its top imports and hoping traders ...
The most-actively traded September iron ore contract on the Dalian Commodity Exchange rose as much as 4% to 797.5 yuan ($115.20) a tonne, the highest since Dalian iron ore futures started trading ...
In addition, DCE intends to increase its support to industries and develop corporate and institutional client group. As a Deputy to the 11th National People's Congress, Mr. Liu Xingqiang was calling on the government to allow the establishment of commodity futures funds in an attempt to draw more institutional investors balance into the country's burgeoning futures market.
Commodity prices stabilised with Brent crude futures at $77.11 a barrel. Dalian iron ore prices climbed more than 4% after a Bloomberg report that China plans to allow local governments to buy ...
For each commodity they quote a range (low and high price) which reflect the buying and selling about 9-fold due to China's transition from light to heavy industry and its focus on manufacturing. [2] (China became the world's largest consumer of iron ore in 2003, [3] and accounts for over half of global metal consumption.) [4]
In addition, wharves handling crude oil and iron ore imports have been reconstructed or expanded. At the end of 2004, China's coastal ports had over 2,500 berths of medium size or above, of which 650 were 10,000-ton-class berths; their handling capacity was 61.5 million standard containers for the year, ranking first in the world.
Of the iron ore exported, 38.5% of the volume was iron ore pellets with a value of $2.3 billion, and 61.5% was iron ore concentrates with a value of $2.3 billion. [38] 46% of Canada's iron ore comes from the Iron Ore Company of Canada mine, in Labrador City, Newfoundland, with secondary sources including the Mary River Mine in Nunavut. [38] [39]
Anglo-Australian miner Rio Tinto <RIO.AX> has signed a pact to jointly develop its first bonded area operations to blend iron ore in China's port of Dalian, the company said on Tuesday, as it ...