WEEKLY: China's iron ore port stocks reverse down amid typhoon disruption

After rising steadily for three consecutive weeks, inventories of imported iron ore stockpiled at China's 47 major ports tracked by Mysteel dropped by 791,800 tonnes or 0.5% on week to 174.22 million tonnes by August 13. Nevertheless, the stocks remained 21.1% higher than the year-prior level.

Last week saw a significant contraction in the port throughput due to the disruption of Typhoon Dolphin. Regarding inflows, only 18.91 million tonnes of iron ore cargoes arrived at the 47 surveyed ports during August 3-9, slumping by 13.1 million tonnes or 40.9% on week. By August 13, only