India takes rare cargo of BHP iron ore banned by China

Reuters
03/18
India takes rare cargo of BHP iron ore banned by China

March 18 (Reuters) - A cargo of BHP's BHP.AX Jimblebar Fines iron ore is heading to India in a rare sale driven by discounts on the product that was banned for sale in China, the world's largest buyer, as part of a contract dispute with the miner.

  • The vessel True Champion is carrying some 172,000 metric tons of Jimblebar Fines to Jaigarh in India, according to Kpler data. The buyer is JSW Steel, according to a source briefed on the sale

  • True Champion was destined for China on March 9, Kpler data showed, before changing its destination to Singapore and then India over the course of the last week

  • China's state iron ore buyer CMRG barred steelmakers and traders from purchasing Jimblebar fines in September, and has progressively expanded its restrictions to other products as it negotiates the terms of BHP's 2026 supply contract

  • CMRG relaxed the ban for a week last Friday, allowing steelmakers to buy Jimblebar cargoes already at Chinese ports. Seaborne cargoes are still banned

(Reporting by Reuters staff, Editing by Louise Heavens)

((lewis.jackson@thomsonreuters.com; +86 139 1179 6497; Reuters Messaging: Wechat: LewisJackson92))

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10