WEEKLY: China iron ore port stocks slip further

Imported iron ore stocks at China's major 45 ports under Mysteel's regular survey had thinned for the second week to 148.6 million tonnes as of December 26, with the tonnage down by 1.1 million tonnes or 0.7% on week. The reduction was mainly caused by falling ore arrivals at these ports, Mysteel Global noted.

The volume of iron ore arriving at the 45 surveyed ports declined by 1.3 million tonnes or 5.7% on week to 21.4 million tonnes during December 16-22, touching the lowest level over the past two months, according to Mysteel's tracking. Meanwhile, only 75 vessels were waiting for unloading at the ports by December 26, 11