Iron Ore Prices Fall Amid Ample Supply
Shipments and arrivals at Chinese ports remain high, with volumes increasing from non-mainstream mines, Tongguan Jinyuan Futures says. The note also cites continuing growth in mining capacity.
Iron ore prices have declined as supply remains ample, Tongguan Jinyuan Futures says in a research note. Shipments and arrivals at Chinese ports are still high, with volumes from non-mainstream mines rising significantly. The firm adds that mining capacity continues to ramp up, while expectations for inventory…