China port iron ore stockpiles rise 1.4 pct this week

Saturday, November 12,

 

 

Stockpiles of imported iron ore at major Chinese ports inched up 1.4 percent to 69.74 million tonnes this week

 

Inventories of Australian ore reached 24.67 million tonnes, 550,000 tonnes higher than last week, while Brazilian ore rose 320,000 tonnes to end at 17.74 million tonnes

 

Ore originating in India fell 240,000 tonnes to 12.66 million tonnes

 

Chinese iron ore imports in October fell 13.1 percent on a monthly basis to 45.72 million tonnes, according to preliminary customs data released on Wednesday

 

Source: Reuters

 


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