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WEEKLY: China's iron ore port stocks mount to 3-mth high

ABSTRACT

The continuous climb in inventories of imported iron ore at 45 Chinese major ports since July extended over August 5-11, with the volume up by another 1.3% on week to 138.9 million tonnes, or having hit a near three-month high, Mysteel's latest survey showed. The further increase reflected the fact that more new arrivals that had outpaced higher discharge volumes at these ports.
During the week of August 1-7, these 45 ports received around 24.2 million tonnes of iron ore deliveries from overseas miners, which had increased for the second week by a larger 2.6 million tonnes or 11.8% on week, according to Mysteel's other shipments survey.   On the other hand, the average daily iron ore discharge rate

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