On April 6th, “The renminbi (6.8808, 0.0009, 0.01%) replaced the U.S. dollar for the first time and became the largest foreign currency in Russia by transaction volume.” “The agreement between China and Brazil on the local currency has achieved a leap forward.” This spring, good news about the internationalization of the renminbi continued to spread.

Recently, the Price Department of the National Development and Reform Commission, the Finance Department, and the Futures Department of the Securities and Exchange Commission organized some futures companies to hold meetings to analyze and judge the iron ore market and price situation, understand the iron ore futures trading situation, and remind companies to take a comprehensive and objective look at the market situation.