WEEKLY: China iron ore port stocks recover slightly

Mysteel's weekly monitoring of China's 45 major ports showed that these ports nursed a total of 152.8 million tonnes of iron ore on November 14, with the volume logging a small on-week rise of 0.1% or 114,500 tonnes after the previous week's 1.5-million-tonnes decline.

More iron ore vessels arrived at Chinese ports last week, with the tonnage of new iron ore arrivals at the sampled 45 ports growing by 643,000 tonnes or 2.8% on week to 23.3 million tonnes during November 4-10. However, the increase in portside ore stocks was mild because the discharge volumes of the red stone at these ports also rose