Stock market quotes, forex, financial news, forex tools – money-investing.com

China will let foreign investors trade iron ore

 Breaking News
  • US Ministry of Energy predicts reduction of oil prices The US Ministry of Energy has published a monthly report, which turned out to be discouraging. It is expected that in the last quarter of this year the price for...
  • 28 Chinese companies are blacklisted by the US Everyone knows that just in few days two powerful states China and the USA – are starting the next round of the negotiations. Official Beijing has announced that it is...
  • Startup WeWork again in spotlight We have been writing about the startup WeWork, which was forced to postpone the initial public offering. They earn by renting commercial space for a long time in order to...
  • Massive cuts in HSBC HSBC Holdings Plc, the largest bank in Europe and one of the most significant and serious players in the global financial market, has announced the launch of a cost-optimization program....
  • Oil quotes still wait for negotiations Today, at 8.15 a.m. Moscow time, futures for Brent crude oil were trading in London for $ 58.31 per barrel. This is only 0.1% below the closing price of the...
China will let foreign investors trade iron ore
April 16
13:00 2018

4 May, 2018 will become the first day when China expands the access for foreign investors to trade iron ore futures. This information was revealed by the national regulator on securities.

To date, bidding on futures contracts for iron ore are held at the Dalian Commodity Exchange. Xinhua News Agency reports that in March this year the Exchange management agreed new rules for attracting foreign investors. It is expected that this will lead to the revival of the iron ore market on a global scale.

We recall that currently, the Celestial Empire (along with Australia, Brazil, Russia and Ukraine) is in the TOP-5 countries of the world in terms of the proven reserves of iron ore. In addition, China is the largest importer of these natural mineral formations.

Investors might better look at this asset. In March, the decision of official Beijing to allow foreigners to enter the national energy market significantly affected the market. It is likely that the events in the iron ore market will develop according to the similar scenario after May 4.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment