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Ministry of Commerce reminds Chinese companies to cautiously import Iranian iron ore
December 21st news, in view of the recent domestic companies importing iron ore from Iran has been repeatedly defrauded, the Ministry of Commerce announced today to remind Chinese companies to be vigilant, carefully choose partners when importing iron ore from Iraq, and through letter of credit settlement, etc. Limit the risk. The Ministry of Commerce announced that the Chinese Chamber of Commerce in Iran recently received many complaints from domestic enterprises, saying that it was fraudulent when importing iron ore from Iranian enterprises. The Iranian enterprises refused to ship or only after receiving the payment. Some of the goods and other methods have seriously damaged the interests of our enterprises, involving a large amount of money. Even domestic merchants have encountered personal threats and violent attacks when they come to Iraq for consultation. The Ministry of Commerce reminds domestic enterprises to carefully select partners when importing iron ore from Iraq, and minimize risks by means of letter of credit settlement. In recent years, China's imported iron ore sources have diversified, except Australia, Brazil, and India. In 2010, China imported 126 million tons of iron ore from other countries, accounting for 20.36% of the total, up from 18.63% in 2009. As of September this year, the ratio has reached 25.03%. According to the data, China imported 6.86 million tons of iron ore from Iran in 2009, and increased to 14.6 million tons in 2010, an increase of 113% year-on-year. In the first nine months of this year, China imported iron ore to Iran as high as 13.01 million. Ton. Sinopec is Iran's largest buyer of crude oil, sources said the company has reduced its purchases in January by about 285,000 barrels per day. According to this year's annual contract, China imports nearly 550,000 barrels of crude oil per day from Iran.