WEEKLY: China's iron ore port stocks slip further

Inventories of imported iron ore stockpiled at China's 47 major ports under Mysteel's monitoring fell for the second straight week to 170.23 million tonnes by September 10, down by 1.08 million tonnes or 0.6% on week, according to the latest survey results. Nonetheless, the total remained 17.8% higher than the year-ago level.

Last week saw a significant increase in iron ore arrivals at Chinese ports. The volume of ore cargoes arriving at the 47 sampled ports during August 31-Sepember 6 totaled approximately 27 million tonnes, up by a marked 7.48 million tonnes or 38.3% from the previous week. However, the unloading pace