WEEKLY: China's iron ore port stocks nudge up again

After dipping in the prior week, inventories of imported iron ore piled at China's 47 major ports under Mysteel's tracking edged up again to 172.89 million tonnes as of October 29, marginally higher by 0.1% compared with a week earlier, Mysteel's latest survey showed.

The marginal build-up in port stocks was mainly driven by the clearing of previously backlogged vessels and slower cargo outflows. By October 29, the number of vessels waiting to be unloaded at the 47 sampled ports had shrunk to 116, down by 8 from a week earlier, according to