Inventories of seaborne iron ore at Chinese ports rose this week, after eight consecutive weeks of declines, as arrivals increased while demand dipped.
SMM data showed that iron ore stocks across 35 Chinese ports increased 1.57 million mt in the week ended April 10 to 108.43 million mt, after a fall of 910,000 mt in the prior week. The stocks were 23.5 million mt lower than a year ago.
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