Iron ore slips as analysts cite strong 2H supply expectations
Iron ore is lower in early Asian trading. Analysts at Nanhua Futures cite expectations of strong supply in 2H as adding pressure and note global iron-ore shipments rose sequentially in late August.
Iron ore is lower in early Asian trading.
Expectations of strong supply in 2H are putting pressure on the black metal, according to Nanhua Futures analysts in a research note.
They also note that global iron ore shipments rose sequentially in the last week of August.
The most-traded iron-ore contra…