WEEKLY: China iron ore port stocks hover at 150 mlnt

Imported iron ore stocks at China's major 45 ports under Mysteel's weekly survey were largely stable at 150 million tonnes as of December 5, or dipping by a marginal 0.1% or 103,000 tonnes on week, according to the latest survey results. The tonnage was still 33% higher than the year-earlier level, however.

During November 28-December 4, an average of 3.2 million tonnes of iron ore was discharged daily from these 45 ports, still a relatively large amount within the year, Mysteel's tracking showed. On the other hand, though iron ore new arrivals at the same ports also dropped during November 25-December 1,