Recently, the Price Department of the National Development and Reform Commission, the Finance Department, and the Futures Department of the Securities and Exchange Commission organized some futures companies to hold meetings to analyze and judge the iron ore market and price situation, understand the iron ore futures trading situation, and remind companies to take a comprehensive and objective look at the market situation.

The analysis of the participating companies believes that the price of iron ore rose to a high level in the first quarter due to multiple factors such as market expectations; the global supply of iron ore will gradually increase in the later period, coupled with the steady increase in domestic scrap steel supply, the market supply and demand generally tend to be loose, and prices are more likely to fall, especially in the second half of the year. The price level may be significantly lower.Participating companies said they will strengthen internal compliance management, jointly maintain good market order, strengthen investor risk education, and promptly alert customers to market risks.

The meeting required that futures companies should operate in accordance with the law and in compliance with the law. In the process of publishing research reports, they should comprehensively, accurately and objectively analyze the iron ore market situation, and must not deliberately create an atmosphere of price increases; they should strengthen risk warnings to investors and remind investors to trade rationally.In the next step, the National Development and Reform Commission and relevant departments will continue to keep an eye on the dynamics of the iron ore market, continue to increase supervision, and resolutely maintain the normal order of the market.