China imported iron ore stocks rise 1 pct in week ending June 10
BEIJING, June 10 (Reuters) - Stockpiles of imported iron ore at major Chinese ports rose by almost 1 percent this week to a
new high of 93.43 million tonnes, according to data from industry consultancy Mysteel.
Indian inventories rose 3.8 percent this week, while shipments from Australia and Brazil also inched up slightly.
Imports from the three countries made up 78 percent of the total.
According to preliminary customs data released on Friday,imports of iron ore stood at 53.3 million tonnes in May, up 0.8
percent on the month, but traders expect shipments to show a decline in June.
Following is a table showing iron ore port stock movements in the last seven days.
Country of origin Stocks (mln T) Change (%)
Total 93.43 + 0.99
Australia 35.18 + 0.6
Brazil 21.86 + 0.05
India 15.75 + 3.8
Source:Mysteel
(Reporting by David Stanway; Editing by Chris Lewis)
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