The National Development and Reform Commission of the People's Republic of China (NDRC) is the state planner:

  • urges iron ore firms not to hoard, hype up prices
  • urges iron ore firms not to manipulate futures market

Iron ore is Australia's #1 export to China. Headlines such as this will act as a negative input for the AUD.

more to come

A piece in the Australian Financial Review highlights a potential next leg down in iron ore.