China promotes its first spot price index for iron ore
Write:
Shivaun [2011-07-06]
Custeel.com issued China's first spot price index for iron ore on July 4. This index uses the transaction price for domestic spot iron ore as its reference for calculation, and the outcome is obtained by the weighted average result of the spot price for both import and domestic iron ore.
The sample for the import ore price index is widely distributed, mainly taken from Jingtang harbor, Caofeidian harbor and 10 other harbors that have a relatively large transaction scale, throughput and a promising outlook for iron ore business development.
By People's Daily Online
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