WEEKLY: China's iron ore stocks at 45 ports top 155 mln t

Total stockpiles of imported iron ore across China's major 45 ports under Mysteel's regular tracking rose for the fourth straight week to reach 155.1 million tonnes by December 18, up by another 812,100 tonnes or 0.5% on week, according to the latest survey results. Meanwhile, the current inventories also represented a 3.6% increase from the year-prior level.

The further accumulation in China's iron ore portside stocks was driven by a marked rebound in carrier arrivals recently. During December 8-14, about 27.2 million tonnes of iron ore loaded on 183 carriers arrived at the 45 sampled ports, jumping by 2.4 million tonnes or 9.8% from the previous