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WEEKLY: China iron ore port stocks dip to 128 million t

Inventories of imported iron ore at China’s 45 major ports stayed largely steady, inching down for the second week over November 13-19 by another 263,000 tonnes on week to around 127.5 million tonnes, mainly as daily discharge rate increased, outpacing the increase in the new ore arrivals at ports, according to Mysteel’s latest weekly statistics.
Over November 9-15, the 45 ports received around 24.3 million tonnes of new iron ore shipments, reversing up slightly by 515,000 tonnes or 2% on week after one week of decline, according to Mysteel’s weekly tracking. Over November 13-19, the average daily iron ore discharge rate from these 45 ports, at

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