The Australian media seem to reference the Dalian Exchange prices a lot when commenting on Australian iron ore companies. Here is an interesting article called
Iron ore is China’s new casino
from last year that explains some of how it works:
If the link doesn't work maybe try googling the title
http://www.theaustralian.com.au/bus...o/news-story/e6a83e4f0fe9fb2160eddcd9cf685b49
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