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BI-WEEKLY: China’s iron ore concs stocks at 6-month high

Stocks of iron ore concentrates at the 186 sampled Chinese mining companies rose over October 25-November 7 to its six-month high of 3.85 million tonnes, amid the continuing growth in output while restrained appetite from the steel mills especially those in North and East China and at the same time, according to Mysteel’s latest data release.
During the period, the inventories of concentrates at these miners increased for the third survey period, though at a slower pace of 34,000 tonnes or 0.9% over two weeks, and the daily concentrates output at the surveyed mining companies grew further by another 6,500 tonnes/day or 1.3% on a fortnight

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