Vale said: China is the largest iron ore consumer market, with sufficient spot and unique conditions for launching iron ore futures. We hope this change. "The introduction of iron ore futures in China has changed the international iron ore pricing mechanism into a mature pricing model for commodities such as crude oil, which is beneficial to the industry. The representative of BHP Billiton in China said at the forum held after the market opened, "New things need to be accepted. The physical delivery of iron ore futures in China is a good practice, and the balance between physical delivery and non-physical delivery is also very important. The listing of iron ore futures is only the first step of the long March. As a highly internationalized commodity, whether it can be recognized by the industry and international trading enterprises is an extremely arduous innovation challenge.
I suggest you read: 20 14-20 18 Global Iron Ore Industry Market Prospect and Investment Strategic Planning Analysis Report.
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