BLOG: China's NDRC busy stabilizing commodity prices

In the first week after the Chinese New Year (CNY) break, China's National Development and Reform Commission (NDRC) has been busy with stabilizing the prices of a few industrial and agricultural products such as iron ore, coal and pork.

The seaborne iron ore prices fluctuated widely by $3-7/dmt over February 4-10, which was partly due to the market reaction to some misinformation on the market regarding iron ore supplies, Mysteel Global noted. The commission, the regulator of key commodities prices in the series of sectors including ferrous, nonferrous, agriculture