DCE Oct IO futures US$104.54 Last:750 yuan Chg:-14
Port side stocks dipping, but still fairly high.Total inventories of imported iron ore stockpiled at the 45 Chinese major ports under Mysteel's tracking fell for the second straight week during August 2-8, with the volume down by 462,500 tonnes or 0.3% on week to reach 150 million tonnes. The stocks were still 21% higher compared with the year-ago level, however.Behind the latest small on-week dip in ore stocks was higher discharge rates at these ports. Mysteel's shipment tracking showed that during August 1-7, the volume of iron ore discharged from these ports grew by 96,300 tonnes/day or 3.2% on week to average 3.1 million t/dWEEKLY: China's iron ore port stocks dip for 2nd week
Source: Mysteel Aug 09, 2024 13:00
Iron ore price, page-53712
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