China data boosts iron ore futures, traders optimistic
NewsTotal shipments from Australia and Brazil – significant iron ore suppliers – decreased by 12.5% week-on-week to 22.08 million tons for the week ending March 18.
Coal sampling – the acid test
StandardCargo sampling to ensure that the cargo has the same characteristics as specified in the contract varies significantly depending upon the nature of the commodity. While previously attention has focused on food stock sampling, rising commodity prices, particularly for thermal coal, require that the users and importers make sure they are getting exactly what they paid for.
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