beijing plans to cut iron ore port stocks, page-5

  1. 1,432 Posts.
    lightbulb Created with Sketch. 18
    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
    :)



 
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