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WEEKLY: China iron ore port stocks slide to 126 mln t

Inventories of imported iron ore at China’s 45 major ports inched down for the third week over November 20-26, reducing by another 1.5 million tonnes or 1% on week to around 126 million tonnes, according to Mysteel’s latest weekly survey, which was mainly due to lower new iron ore arrival volumes at these ports.
Mysteel’s shipment tracking shows that new iron ore arrivals at these 45 ports reversed down after a one-week gain to a new low since late September, thinning by 1.3 million tonnes or 5% on week to 23 million tonnes over November 16-22, even though their average daily iron ore discharge


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