China’s iron ore port stocks dip 0.5% to 143 million tonnes

13th Nov 2018

Stocks of imported iron ore at China’s 45 ports across the country dipped again over November 2-8, falling by 755,300 tonnes or 0.5% on week to 142.82 million tonnes by November 8, with Australia-origin iron ore stocks declining further, according to Mysteel’s latest weekly survey released on November 9.

By November 8, Australia-origin ore stocks at the 45 Chinese ports had dwindled for a second straight week, thinning by 681,100 tonnes or 0.8% on week to 80.46 million tonnes, while Brazil-origin ore stocks gained again, rising by 411,500 tonnes or 1.3% on week to 32.41 million tonnes.

Source: MYSTEEL