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Saturday, February 19, 2011

China port iron ore stocks fall to 79.97 mln Tons this week

Fri, Feb18, 2011

BEIJING Feb 18 (Reuters) - Stockpiles of imported iron ore at major Chinese ports fell 160,000 tonnes this week to 79.97 million tonnes, the first weekly decline since Dec. 17, industry consultancy Mysteel said on Friday.

Brazilian ores stood at 21.65 million tonnes, up fractionally from last week, while ore from India rose 190,000 tonnes to 13.23 million tonnes.

Ore originating in Australia fell 280,000 tonnes to end the week at 29.16 million tonnes, Mysteel said.

Chinese iron ore imports rose 18.8 percent month on month in January to reach 68.97 million tonnes, the highest since September 2009.

(Reporting by David Stanway; Editing by Chris Lewis, sourced:Thomson Reuters)

Tags: Asian iron ore, China iron ore stockpiles at ports

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