With higher regulatory pressure and waning fundamentals support, iron ore price may still dip

Looking at the future, with mounting overseas shipments in the past two weeks, iron ore port arrivals will hike. Therefore, ore inventory at ports will keep piling up, and more and more supply will be reported, while pig iron output will shrink seasonally. Therefore, fundamentals support will ebb. Meanwhile, strong expectations for an important meeting in December may boost ore prices. Under this circumstance, iron ore prices are expected to fluctuate widely this week.