SHANGHAI, Jul. 7 (SMM) – China’s iron ore inventories kept falling this past week, marking the second-straight-week decline.
According to SMM data, iron ore inventories at the 35 domestic ports were 132.71 million tonnes in the week ending Jul. 7, down 1.53 million tonnes on a weekly basis.
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Daily outward shipments of iron ore from ports, however, were up 68,000 tonnes week-on-week to 2.61 million tonnes, SMM data showed.
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