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WEEKLY: China's iron ore port stocks dip 4% to 2-mth low

ABSTRACT

Total imported iron ore stocks at 45 Chinese major ports under Mysteel's weekly survey decreased to 131.8 million tonnes over September 16-22, down by 5.3 million tonnes or 3.9% on week to a two-month low, as higher discharge volumes surpassed new arrivals of iron ore at these ports.
During the latest survey period, the average iron ore discharge rate from these 45 ports totaled 3.2 million tonnes/day, up by a significant 353,600 t/d or 12.6% from the prior week's decline.   Chinese steelmakers re-started hauling iron ore from some ports in East China as operation disruptions at these ports caused by Typhoon Muifa

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