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Iron Ore Stocks at Chinese Ports Ease

Iron Ore, Steel

Iron ore inventories at 42 Chinese ports softened 0.1 Mt in the seven days to 20 November to just under 127 Mt, data from U-Metal reveal. Nonetheless, this was still near the year to date high achieved earlier in the month.

Meanwhile, at 13.5 Mt on 20 November, steel stockpiles in major Chinese cities monitored by U-Metal climbed 2.2 Mt on the week from a recent low.