August 24, 2017 / 2:14 PM / a year ago

BUZZ-China's Dalian Exchange to adjust quality standards for iron ore

Aug 24 (Reuters) -

* China’s Dalian Commodities Exchange will adjust quality standards of iron ore delivery to meet increasing market demands for high-grade iron ore, the bourse said on its website on Thursday

* The adjustment will limit some non-mainstream iron ore flowing into futures delivery or increase its delivery cost, in order to attract more mainstream iron ore for delivery

* The exchange will adjust ash and sulfur content and Coke Strength after Reaction (CSR) intensity of coking coal delivery to improve the representative of low sulfur coal

* Approximately 60 million tonnes of coking coal compliant with new quality standard is expected to supply futures market, accounting for 50 percent of current coking coal delivery, according to the bourse’s calculation (Reporting by Muyu Xu and Beijing newsroom; Editing by Edmund Blair)

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