WEEKLY: China's iron ore port stocks continue rising

Total stockpiles of imported iron ore across China's 45 major ports under Mysteel's regular tracking stood at 159.7 million tonnes by December 31, up by another 1.1 million tonnes or 0.7% on week, according to the latest survey results. The current inventories, rising for six straight weeks, were also higher by 7.4% on year.

New iron ore arrivals at these major ports slipped further by 453,000 tonnes or 1.7% from the previous week to reach 26 million tonnes during December 22-28, though the volume remained 960,000 tonnes higher than the same period of last year. Besides, a total of 105 vessels were awaiting