BCI 0.00% 24.5¢ bci minerals limited

Dalian IO Futures

  1. 696 Posts.
    A poster on the BCI thread recently questioned me about the $US / $A Iron Ore price on the Dalian Futures Exchange after I indicated that the reading is always high when converted away from Yuan. I have now found the reason for this (this is from a blog today - 10/10/14):

    "January Dalian futures rose a little, they are currently selling at $71 US dollar equivalent (remember that you have to remove 17% tax and port charges to get to the real price)."

    Hope that clears it up.
 
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