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Iron Ore Inventories Stay Near Record Highs: Could Prices Cave?

Annie Gilroy
Iron Ore Inventories Stay Near Record Highs: Could Prices Cave?

In this article, we’ll look at China’s iron ore port inventories and what they suggest for iron ore prices. These inventories reflect the difference between demand and supply. Usually, if iron ore isn’t used up by steel mills, it piles up at ports. Therefore, increasing inventories reflect weak demand, and vice versa.