Nothing new really.
On 3/1/2023, Dalian IO future finished at 6 month high at Rmb 863.50, NDRC spoke on 6/1/2023 about "high" IO prices, next trading day 9/1/2023, Dalian IO future dropped 2.49% to Rmb 823.
On 13/1/2023, Dalian IO future finished at 6 month high again at Rmb 881, NDRC again spoke on 15/1/2023 about "high" IO prices, next trading day 16/1/2023, Dalian IO future dropped 4.31% to Rmb 832.50.
Let's see how long NDRC can suppress IO price this time.
DYOR
Iron ore price, page-48859
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