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Article: China : Iron ore stock at Chinese ports exceed 60.
- Article from:
- TendersInfo
- Article date:
- September 8, 2008
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Byline: manish03
China Mining reported that Iron ore inventories at Chinese ports have exceeded 60 million tonnes for 5 months in a row so far this year, possibly leading to market price decline.
Analysts predict October may see a turning point for the price of iron ore as domestic steel mills reduce production, following the price of coke that has already begun to fall.
Mr Liu Zhimei, vice secretary general of China Chamber of Commerce of Metals, Minerals & Chemicals Importers & Exporters the price of iron ore still remains at a high level with low trading volume and delivery speed.
Mr Yang Siming general manager of Nanjing Iron ...