“The fall in China’s iron ore port stockpiles since early April has been a major reason for the uptick in iron ore prices in recent weeks,” Dhar wrote in a note. “China’s port stocks are an important indicator of surplus and deficit concerns in iron ore markets.”According to data from Mysteel consultancy, Chinese iron ore port inventories fell to 131.7 million tonnes last week, the lowest level since October 2017.
https://www.*.com.au/iron-ore-price-china-output-steel-2019-5?&tb_cb=1
not oh sure if article pasted properly as posting from my phone, this is the link
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