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China’s property market is estimated to account for approximately 35% of the country’s steel demand. It is an important driver for economic growth and raw materials like iron ore, coking coal, wood, and cement. Overall, the Chinese economy is a significant driver of dry bulk and more than 35% of dry bulk volumes are destined for China.
Overall dry bulk demand is developing in a disappointing way. By the beginning of the year, overall demand was forecast by
The Soviet Coal Charter was developed for the coal, coke and coaltarpitch trade from the USSR. The latest edition of this contract is SOVCOAL 1987.
The POLCOALBILL, edition 1997, was developed to be used for shipments of coal under the Polish coal charter party POLCOALVOY.
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