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WEEKLY: China’s iron ore port stocks drop to 116 mln t

The imported iron ore stocks at China’s 45 major ports picked up the pace in decline over August 9-15 after one-week steadiness, down 2.5 million tonnes or 2.1% on week to about 116 million tonnes, as the decline in new arrivals offset the lower daily discharge rate at most ports, according to Mysteel’s latest weekly survey.
New iron ore arrivals at China’s 26 ports decreased further over August 5-11 by another 2.9 million tonnes or 15.6% on week to 15.8 million tonnes, with the decline in new arrivals mainly at the country’s six core iron ore ports, or amounting to 2 million tonnes or 23% less

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