WEEKLY: China iron ore port stocks retreat after 4-w rise

After rising for four consecutive weeks, stocks of imported iron ore at the 45 major Chinese ports covered in Mysteel's regular survey finally recorded a decline during November 1-7, with the volume falling by 1.5 million tonnes or 1% on week to sit at 152.7 million tonnes, the latest survey results show.

The drop in portside stocks mainly reflected the lower arrivals at ports over the survey period, Mysteel Global noted. Affected by the Super Typhoon Kong-rey, iron ore arriving at the sampled 45 ports shrank by 2 million tonnes or 8.1% on week to 22.6 million tonnes during October 28-November 3. By November