China launched its first iron ore spot price index yesterday

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Publish time: 6th July, 2011      Source: ChinaCCM
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It is reported that www.cnchemicals.com has issued China's first iron ore spot price index on July 5, which is calculated on a basis of China's iron ore transaction prices including the imported and home-made iron ore spot prices. While the imported iron ore price samples are originating from China's main iron ore ports with large throughputs and sufficient transaction deals.