It is expected that this month, China’s iron ore import market to face a decline in supply and demand compared to the previous month, and the price may fall a little at first, but it will continue to grow.

In the supply sector, iron ore imports to Chinese ports are predicted to be lower than last month. In October China imported iron ore of china, up 2.6 million tonnes from September. In the demand sector, due to the increasing losses of Chinese steel factories More will need to reduce steel production, so iron ore demand would be lower.

While supply and demand are both weak, iron ore inventory of ports will remain relatively stable in November. The iron ore inventory of China’s main ports was recorded at around 111 million tonnes last month, down 2 per cent from September