Tag: China iron ore port inventories
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China’s Iron Ore Port Stockpile Reaches 100 MnT, Prices Likely to Weaken
China, world’s largest iron ore consumer, consumed around 953 MnT iron ore in 2015 via imports. Iron ore inventories at major Chinese ports touches around 100 MnT, which is highest since May’15. These iron ore holdings at major Chinese ports was due to increased supplies of low cost output from major iron ore producers namely…