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China will let foreign investors trade iron ore

 Breaking News
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

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