WEEKLY: China iron ore port stocks slip to 5-month low

Imported iron ore stocks at China’s 45 ports under Mysteel’s weekly survey had declined to a five-month low of 123.7 million tonnes by June 10, or down for the second week over June 4-10 by another 1.7 million tonnes or 1.3% on week, mainly due to the lower ore arrivals and higher daily discharge volume at these ports.

Over May 31-June 6, Mysteel's other weekly survey showed that the 45 ports received around 20.5 million tonnes of new iron ore shipments, which dropped for the second week by 2.6 million tonnes or 11% on week. Over June 4-10, the average daily iron ore discharge from the 45 ports,