WEEKLY: China iron ore port stocks stabilize at 123 mln t
Dec 13, 2019 12:00
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Imported iron ore stocks at China’s 45 major ports remained largely stable at 123.1 million tonnes over December 6-12, though it refreshed its 11-week low after a minor decline of 363,100 tonnes or 0.3% on week, or the third week of decline in a row, and daily discharge rates at many ports inched up while new arrivals dwindled modestly, Mysteel's latest weekly survey showed.
During the period, theaverage daily discharge rateat these 45 ports rose by another 40,100 tonnes/day or 1.3% on week to 3.18 million t/d in total, or a record high since Mysteel launched the survey on December 2015.
Among the total average daily discharge rate at these ports, two key ports in