China imported iron ore stocks up 1.5 pct in week ending Nov 11

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

13 Nov 2011

Inventories of imported iron ore at major Chinese ports rose 1.5 percent this week to end at 96.3 million tonnes, up for the fourth consecutive week, data from industry consultancy Mysteel showed on Friday.

Shipments from India, which has imposed a ban on large-scale mining and exports from the world's third-largest iron ore producer, fell around 2 percent from last week, as the higher freight rates and export duties also discouraged exports.
Following is a table showing iron ore port stock movements in the last seven days. Country of Stockpiles Change (%) origin (mln T) Total 96.30 +1.5 Australia 43.13 +3.8 Brazil 22.82 +0.3 India 10.87 -2.1
Source: Reuters