Market sees China's iron ore supply returning to surplus in H2

摘要

China's iron ore supply is expected to outstrip demand in the second half of 2022 due to potential higher imports and low feedstock demand, reversing the trend seen in H1, industry sources said Sept. 27. State-backed metals advisory body Minmetals Futures said iron ore supply would rise in the second half of 2022, contrary to the deficit supply situation seen in H1, with iron ore stocks at key Chinese ports reaching around 165 million mt by the end of 2022.