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Home / Metal News / Iron Ore Inventories Probably Expediting Accumulation

Iron Ore Inventories Probably Expediting Accumulation

Nov 16, 2017 11:23

Source:SMM

Up to Nov.11th, iron ore inventories at domestic major 41 ports reaches 134 million tonnes.

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.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

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