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Press Release
S&P Global Asian Has Become COREX Observing Member
Source:corex   Time:2018-08-22 14:43:34

Recently, S&P Global Asian signs the Agreement on Observing Membership Service with COREX and formally becomes an observing member of COREX. Therefore they have rights to directly obtain trading data published from the platform, which they can use to compile iron ore index.

As the world’s leading iron ore spot trading platform, COREX always gives top priority to discovering iron ore prices, promoting a scientific and reasonable iron ore pricing mechanism, and is committed to providing better services for iron ore industry chain enterprises. From May 8, 2012 to August this year, the iron ore trading volume of COREX reached 157 million tons, of which the ratio of trading volume at fixed price was nearly 60%, providing abundant price data for the market. S&P Global Asian is the industry's leading independent information provider, and their iron ore price index is an important basis for global iron ore pricing. This time the two parties signed a service agreement to give full play to their respective advantages, which will help better serve the iron ore industry and help the iron ore market develop orderly.

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