The most-traded January iron ore contract on China’s Dalian Commodity Exchange fell 0.6% to 964 yuan ($134.90) per metric ton as of 0300 GMT. On the Singapore Exchange, the benchmark January iron ore snapped a three-day rally and fell 0.7% to $128.05 a metric ton. State-backed Dalian Exchange announced on Nov. 30 its commitment to enhancing supervision of the iron ore market for the safe and stable market operation.
This came after the announcement on Nov. 24 that China will reinforce oversight and curb a price rally.
