Iron Ore Inventories Probably Expediting Accumulation

SHANGHAI, Nov.16 (SMM)－Up to Nov.11^th, iron ore inventories at domestic major 41 ports reaches 134 million tonnes. Although this figure has 6 million tonnes distance from historic high point in June, considering the fourth quarter is the traditional off season of consumption, inventories of iron ore may expedites accumulation. If the central bank tightens up monetary policy or even raises interest rate, iron ore traders will face great risk of underselling goods.

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