China Economy 26 March 2026

BHP Group’s China Iron Ore Deal Puts Yuan Pricing at Center of Market
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BHP Group’s China Iron Ore Deal Puts Yuan Pricing at Center of Market

BHP’s China iron ore settlement now includes renminbi-based pricing for some sales, sources told The Business Times. China Mineral Resources Group has released previously frozen BHP cargoes at ports, easing a months-long supply backlog. Iron ore futures fell in both Dalian and Singapore as supply concerns eased. BHP shares traded at A$54.95, down 0.87%, in early Melbourne trading.
April 29, 2026
BHP Stock Price Slips Despite China Ore Relief as Fresh Risks Build
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BHP Stock Price Slips Despite China Ore Relief as Fresh Risks Build

BHP’s U.S.-listed shares dropped $1.51 to $68.50 Thursday as inventories of its Jimblebar iron ore at major Chinese ports fell 6% to 8.9 million tons, the lowest since January. The drawdown followed a one-week delivery reprieve from China’s state buyer amid ongoing contract talks. Rio Tinto and Vale shares also slipped. Diesel prices rose across the mining sector, adding cost pressure.
March 26, 2026