China widens restrictions on BHP Group iron ore during contract talks, sources report.

avatar
· Views 543

1. China expands restrictions on BHP Group iron ore

  • China widened a ban on BHP iron ore for the second time in two weeks.
  • The move escalates a months-long dispute over the 2026 supply contract.

2. Ban on Newman fines deliveries

  • China’s state-run buyer, China Mineral Resources Group (CMRG), informed mills and traders that Newman fines stored at ports will soon be banned from delivery.

3. Short transition period

  • Buyers will still be allowed to take delivery within five working days before the restrictions take effect.

4. Gradual tightening over six months

China has progressively limited several BHP products:

  • September: Ban on Jimblebar fines
  • November: Ban on Jinbao products
  • Recently: Reduced purchases of Newman fines, Newman lumps, and Mac fines

Currently, only some port-stored Newman lumps and Mac fines remain permitted.

Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.

Suka artikel ini? Tunjukkan apresiasimu dengan memberi hadiah untuk penulis.
Balasan 0
Belum ada komentar. Jadil yang pertama untuk membagikan komentar.

  • tradingContest