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China launches daily iron ore price index

Posted on 03 January 2014

China has launched a daily iron ore price index from this year, the China Iron & Steel Association (CISA) said on Thursday, as Beijing wants to have a bigger say in pricing the steel-making raw material.
The move is part of China’s latest effort to shift pricing benchmarks for commodities from West to East as it has launched a series of futures contracts from iron ore to eggs………………………………………..Full Article: Source


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