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Irregular Pricing On Iron Ore Futures Market - Times

CHINA PRESS

Authorities have met with futures traders to discuss apparent irregular pricing in the iron ore futures market, according to the Securities Times. The National Development and Reform Commission (NDRC) told traders since mid-august regulators observed the price of futures had increased quickly without any change in fundamental supply or demand and, as a result, faced downward pressure later in the year. Authorities said they would severely crack down on illegal activity, and reminded traders to trade rationally and not engage in excessive speculation. (Source: Securities Times)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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