China: Port stocks build 2.85 million mt; Iron Ore Expected To Trade Soft
The average imported iron ore margin widened slightly from 6.01 yuan/mt to 6.38 yuan/mt this period. Lower seaborne premiums for some brands and lower freight rates were the main drivers. Port inventory data this week point to gradually weakening spot demand. Iron ore stocks at 35 major Chinese ports rose 2.85 million mt week-on-week to ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.