Rizhao is planning to establish an international iron ore trading centre.
The project boasts as investors: 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 modelled on the Qinhuangdao coal trading centre, 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. It has also become the No. 2 port of China in imported iron ore storage.
Source: Seatradeasia-online
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