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Saturday, July 9, 2011

Imported iron ore stocks at Chinese ports at record high

Saturday, 09 Jul 2011

Reuters quoted industry consultancy Mysteel as saying that China imported iron ore inventories at major ports reached 93.65 million tonnes this week, 480,000 tonnes up on the week before.

Ore from Australia rose 210,000 tonnes to 35.51 million tonnes and that from Brazil rose 610,000 tonnes to 22.51 million tonnes. Indian ore inventories dropped 300,000 tonnes to 15.47 million tonnes.

(sourced from Reuters)

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