China mines’ iron ore concs stocks build to 3-mth high
Feb 26, 2021 18:00
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Iron ore concentrate stocks held by the 186 Chinese mining companies under Mysteel's regular survey reached a three-month high of 1.9 million tonnes as of February 25, even though output during the period had eased. Disruptions to iron ore concentrate deliveries from mines to mills and softened demand in some regions contributed to the increase in stocks, according to survey respondents.
By Thursday, the climb in concentrate stocks at the sampled minershad totalled 293,000 tonnes or higher by 18% from the level during January 22-February 4 when stock levels at 1.6 million tonnes were their lowest since January 2019 when Mysteel inaugurated the survey. The levels had declined for eight straight