The centralised platform gives the steel makers more of a say when negotiating prices and for the Chinese govt to track any changes in the price inflation. It'll be interesting how prices play out with the platform and whether or not it would really drive prices down? keep in mind demand is still very strong for commodities now and going into the future, also add the disruption to supply and Brazil being offline and still recovering, I can see prices going upwards but maybe not as high as the peak we saw in 2021. Only time will tell.
Iron Ore Price for Riley to Restart?, page-47
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