An army of short-sellers is nervously watching the rebound in iron ore prices this week amid signs that Beijing will introduce more measures to stabilise China’s property crisis.

The iron ore spot price has climbed for three sessions to trade at $US97.90 a tonne, according to S&P Global Platts. Futures eased to $US97.25 a tonne by Thursday afternoon, and have bounced nearly 7 per cent from last week’s two-year low of $US91.45.