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.
China merges ports
StandardThe Chinese ports of Ningbo and Zhoushan in the eastern Zhejiang province have been merged to form what will replace Rotterdam as the world’s third largest bulk port by 2010, officials said. The merged entity, named Ningbo-Zhoushan Port, began operations on January 1.
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