(Economic Watch) Two departments jointly "rectify" the price change of China's iron ore
China News Agency, Beijing, February 9 (Reporter Liu Liang) In response to the recent rapid progress in China's iron ore futures prices, China's State Administration for Market Regulation and the National Development and Reform Commission jointly issued a document on the 9th saying that they have recently interviewed relevant iron ore information companies. The sword refers to acts such as fabricating and disseminating information on price increases and driving up market prices.
As of the close on the afternoon of the 9th, iron ore led the commodity market with a decline of 5.9%.
Recently, China's iron ore futures prices staged a wave of rapid gains.
Since mid-November last year, the maximum cumulative rebound in iron ore prices has reached 60%, from a low of 512 yuan per ton in mid-November to 829 yuan per ton on the last trading day before the Spring Festival this year.
The abnormal fluctuations in iron ore prices have already attracted the attention of regulators before the Spring Festival.
On January 28, the National Development and Reform Commission once issued a document saying that the current iron ore market supply and demand is generally stable, the domestic inventory is at a high level for many years, and the recent price rises too fast, there is speculation.
The situation of price changes will be investigated and understood.
According to the latest investigation, the State Administration of Market Supervision and the National Development and Reform Commission have recently jointly interviewed relevant iron ore information companies, requesting to provide the source of facts for the release of information, and reminding and admonishing relevant companies to carefully verify and be accurate before releasing market and price information , shall not fabricate and publish false price information, shall not fabricate and spread price increase information, and shall not drive up prices.
The reporter noticed that on the day the official "interview" news was released, the public account "Esteel Diansteel.com" operated by Shanghai Diangang E-Commerce Co., Ltd. stated in a clarification statement that it described in a paper on January 27 about the The mine delivery information is false.
The clarification statement stated that Diangang has not been authorized by Atlas and Rio Tinto, nor has it verified the information about the possible reduction in shipments from the "Atlas" and "Rio Tinto" mines described. false news.
The company apologises for the serious negative impact this has caused and has deleted the previously published article.
It is reported that both "Atlas" and "Rio Tinto" are giants in the Australian iron ore industry.
Wind data showed that as of last week, iron ore inventories at China's 45 ports totaled 157 million tons, an increase of 4.16 million tons from the previous week.
At present, domestic iron ore port inventories are still at a historically high level.
Shenyin Wanguo Futures said that from the demand side, although the current market is optimistic about infrastructure expectations and has certain support for steel demand, the weakening trend of terminal steel demand is hard to change.
From the perspective of the disk, the market is more optimistic about the improvement of macro policies, but the official regulation is expected to be strong, and the short-term price may show a weak trend.
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