Ok
China is estimated to be going to import 410 million tonnes of iron ore this year (up approx 10% from last year).
http://www.resourceinvestor.com/pebble.asp?relid=37252
The 'normal' iron ore stock pile at Chinese ports have been calculated at 40 million tonnes.
http://www.interfax.com/4/392489/news.aspx
The current stockpile is 62.16 million tonnes and this is a really, really, really big deal
give me a break
:)
beijing plans to cut iron ore port stocks, page-5
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