Chinese authorities are reportedly in discussions with ports to introduce cost hikes to prevent hoarding of iron ore, but market sources think the news can only be good for bulker markets.
China’s state planner, the National Development and Reform Commission (NDRC), has stated it would increase efforts to stabilise commodity prices and supply this year.
The NDRC reportedly aims to stimulate further growth in China’s industrial and manufacturing sectors, which depend on imported raw materials such as iron ore.
