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Article: China's iron ore stockpiles slip to 54.22 mln tons on Feb. 29.
- Article from:
- China Business News
- Article date:
- March 3, 2008
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China's iron ore stockpiles slip to 54.22 mln tons on Feb. 29
Shanghai. March 3. INTERFAX-CHINA - Iron ore stockpiles in China's 23 major ports slipped 2.95 percent from the previous week to 54.22 million tons on Feb. 29, due to declines in ports across the country with the exception of Caofeidian, Lanshan, Zhenjiang and Nantong, while Indian concentrate stockpiles increased 4.93 percent from the previous Friday to 14.9 million tons.
Imported iron ore prices in the domestic spot market continued their upward trend last week, rising approximately RMB 50 ($7.04) per ton from the previous week, with sellers reluctant to sell in anticipation of an export tax ...