In the January-October period this year, China’s iron ore production amounted to 825.758 million mt, increasing by 7.8 percent year on year, according to China’s National Bureau of Statistics (NBS).
In October alone, China’s iron ore production totaled 86.445 million mt, increasing by 29.8 percent year on year, while rising by 2.5 percent month on month.
In October, import iron ore prices moved on an overall uptrend, and this trend continued in November amid increasing futures prices. However, iron ore futures prices indicated a decrease of 1.53 percent on November 16 as the Price Division of China’s National Development and Reform Commission (NDRC) has sent staff to the DCE to jointly study the strengthening of supervision of the iron ore market, which has exerted a negative impact on market sentiments.