Rizhao launches iron ore trading platform

Dalian: China’s first electronic trading platform for iron ore will launch today, 25 May, at Rizhao city in northeast China’s Shandong province.

This is a significant moment in the liberalization of China’s freight trade. Caofeidian to the north is setting up a similar scheme, but for coal. Meanwhile, the Shanghai Shipping Exchange is pushing ahead with its own freight derivatives scheme as part of the city’s bid to become an international maritime centre.

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