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Sep.17.2021 1USD=6.4527RMB
  SteelHome >>Raw Material>>Steelmakers' Info>>Industry Dynamics
 
China Iron Ore Spot Trading Platform Topping 300 Mlnts Trading Volume on September 9

//en.steelhome.cn [SteelHome] 2021-09-14 14:25:15

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Beijing Iron Ore Trading Center Corporation (COREX) reached 300 million tonnes of spot iron ore trading volume on September 9 cumulatively when a shipment of Yandi fines was sold in China Iron Ore Spot Trading Platform (hereinafter referred to as the Platform)

Meanwhile, around 53% of the total trading volume was settled through fixed prices in the Platform, and the rest was settled through floating-price trading. It covers PB fines, IOCJ, BRBF, Newman fines, Yandi fines, Mac fines and other main products.

COREX, as an independent, open and transparent third-party trading platform, said it will continue to adhere to a market-oriented, internationalized and standardized operation. In the future, it will promote the establishment of a scientific and reasonable commodity pricing mechanism by playing the function of commodity circulation and price discovery and reflecting the true supply and demand. This will ensure the healthy and stable development of China's steel industry and promote the win-win development of the upstream, midstream and downstream of the industry chain.

(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282)
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