WEEKLY: China's iron ore port stocks increase for 8th week

Total stockpiles of imported iron ore across China's 45 major ports under Mysteel's regular tracking had risen by 2.8 million tonnes or 1.7% on week to reach 165.6 million tonnes as of January 15, marking the eighth straight week of increase and hitting a record high, according to the latest survey results.

The further stockpile buildup was a combined result of growing ore arrivals and fewer outflows at these ports, Mysteel Global noted. During January 5-11, about 29.2 million tonnes of iron ore arrived at the 45 surveyed ports, up by a notable 1.6 million tonnes or 5.9% on week. Meanwhile,