WEEKLY: China iron ore port stocks at 1.5-month low

Imported iron ore stocks at China’s 45 major ports fell to a 1.5-month low of 123.7 million tonnes after having declined for the third week over November 8 -14 when the daily discharge approached its all-time high while new arrivals reversed down during the period, Mysteel's latest weekly survey release showed.
The total volume dropped by 2.1 million tonnes or 1.7% on week, and the average daily discharge rate at the 45 ports reversed up 214,300 tonnes/day or 7.3% on week to 3.16 million t/d over the survey period, almost levelling with the all-time high of 3.18 million t/d over August


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