WEEKLY: China's iron ore port stocks dip 0.3%

After rising for two consecutive weeks, imported iron ore stocks at China's major 45 ports under Mysteel's regular tracking dropped by 529,900 tonnes or 0.3% on week to reach 153.4 million tonnes as of February 20, according to the latest survey results.

The slight retreat in port stocks occurred when both arriving and discharged volumes of imported iron ore at these ports climbed higher in recent weeks, Mysteel Global noted. Over February 10-16, about 22.3 million tonnes of iron ore arrived at the sampled ports, higher by 18.8% from the previous survey period. On the other hand, the daily discharge volume of