Imported Iron Ore Drops in China

Base Metals Investing

Reuters reported a drop in China’s imported iron ore inventory spurred buying from speculators.

Reuters reported a drop in China’s imported iron ore inventory spurred buying from speculators.

As quoted in the market news:

Iron ore stockpiles at major Chinese ports, comprised of older cargoes bought by mills and traders, fell 1 percent to 98.44 million tonnes at the end of last week, said industry consultancy Mysteel.

Click here to read the full Reuters report.

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