CBMX platform concludes 1.6m tonnes of iron ore deals

A total of 1.6 million tonnes of iron ore have been traded through the physical iron ore trading platform at the China Beijing International Mining Exchange (CBMX) as of Wednesday May 30.

The volume represents $216.3 million in value across 13 transactions since the platform’s launch on May 8, according to CBMX president Dong Chaobin. Trading volumes were satisfactory given the sluggish Chinese demand for steel, he said. “[The trading volumes] match our expectations,” Dong told Metal Bulletin on the sidelines of an industry event...

Published

Daisy Tseng

May 31, 2012

13:00 GMT

Singapore