Seaborne iron ore prices rebound despite NDRC threat of closer price supervision

Seaborne iron ore prices rebounded on strong fundamentals on Friday November 24, in line with futures increases, despite a warning that Chinese government officials plan to more closely supervise iron ore market activity and price trends, sources told Fastmarkets.

Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) on Friday was up from the previous day's closing price of 976.50 yuan ($137) per...

Published

Shu Yi Zheng

November 24, 2023

14:07 GMT

Singapore