Iron ore stockpiles at China's ports are headed back above 100 million tons.
The holdings will probably surge as low-cost supplies rise and steel mills rein in output before and during a nationwide, week-long holiday next month, according to China Merchants Futures. Both Citigroup and Australia & New Zealand Banking Group say the threshold for the stockpiles is set to be exceeded, flagging the risk that it'll add to pressure for prices to drop.
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