Sources revealed that in order to calm down the rapid rise in iron ore prices, the Chinese government is taking some measures to curb the pressure of commodity inflation, including urging some companies to hold a large number of iron ore spot to sell inventory.
According to Bloomberg, people familiar with the matter said that the regulatory authorities also increased their storage costs for the behavior of storing iron ore through ports and other departments at the same time.
As China comes out of the epidemic seal, the price of iron ore as the raw material and important resource commodities has shown a rapid rise since October last year.50%.The high price of iron ore not only squeezed the profits of downstream enterprises, but also indirectly pushed prices, which has attracted great attention from the National Development and Reform Commission.
The China Development and Reform Commission held an expert meeting on the rapid rise of iron ore prices earlier this month. Experts believe that the signs of speculation are obvious. It is necessary to severely crack down on illegal acts such as spreading price increase information, hoarding, and prices.Continue to strengthen the supervision of the spot futures market.
From the consideration of the supply chain security, China has continuously strengthened the supply and control of key raw materials in recent years, and managed to reduce its dependence on imported iron ore from abroad, including the establishment of Chinese mineral resources under the State -owned Assets Supervision and Administration Commission of the State Council last year.Group and other.As the largest iron ore importer, China hopes that this newly established state -owned enterprise can represent centralized purchases on behalf of domestic steel companies to enhance the bargaining power of the international mining giants of Bihe Tuo Group.
