Swelling Iron Ore Stockpiles in China May Signal More Losses

Updated on
  • ANZ predicts that port holdings will probably keep expanding
  • Inventories climb for third straight week to highest since May

Iron ore stockpiled at ports in China posted the longest run of gains this year, and Australia & New Zealand Banking Group Ltd. predicts holdings will probably expand further, hurting prices that have dropped below $50 a metric ton.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.