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BI-WEEKLY: China mines’ iron ore concs stocks dip again

Iron ore concentrate stocks at the 186 Chinese mining companies under Mysteel’s bi-weekly survey dropped for the second survey period amid the persistently high concentrate production over July 24-August 6. Domestic mills lifted their consumption of concentrates during the fortnight given that imported iron ore remained expensive, market sources said on Friday.
During the survey period, concentrate inventories among the miners declined by another 60,000 tonnes or 2.3% on fortnight to 2.54 million tonnes as of August 6, according to Mysteel’s latest bi-weekly survey. Meanwhile, the miners’ daily output of concs stabilized at a high level of 539,900 tonnes/day, with the average

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