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Bulk Buys: China tells iron ore players to stop with the high prices, or else – Stockhead
Will iron ore prices ever hit a $US200/t high again? We don’t know yet, but fear, uncertainty, doubt and China have certainly stifled market sentiment.
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Early last week, Chinese premier Li Keqiang said China needed to take more steps to curb unreasonable price increases for bulk commodities, right after we wrote this:
Lol. Hubris.
which aged badly. Iron ore prices have fallen below $US200/t since.
On Sunday, Chinas main economic planning body the NDRC and four other regulators met with domestic steel, iron ore, copper and aluminium companies for a serious convo.
[This] meeting pointed out that this round of price rises is…
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