Rizhao to establish international iron ore trading centre

Rizhao is planning to establish an international iron ore trading centre. It is invested by Shandong Huaxin Industry Co., Ltd., Rizhao Zhongrui Native Produce Corp., Ltd, Shandong Wanbao Logistics Ltd., Rizhao United Ore E-commerce Ltd. and Rizhao Longning Huasheng E-commerce Co., Ltd. The total fund is 20 million yuan.
The new iron ore trading centre will be modeled on Qinhuangdao coal trading center, which provides trading information, storage, transportation, insurance and other third-party intermediary services.
Rizhao Port is one of the China’s premier bulk ports with over 100 million tons throughput, ranking no. 9.
Rizhao Port has also become the No. 2 port of China in imported iron ore storage. 

Source: http://www.seatradeasia-online.com