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1.Market Observations, 8.Was Sticky

9 May 2017 (AFR) – China’s iron ore imports slump as port stocks build

(9 May 2017, AFR, p10, by Angus Grigg)

‘China’s iron ore imports have slumped 13 per cent to their lowest level in six months, as stockpiles at ports across the mainland remain at record levels. Trade figures released by China’s Customs Bureau on Monday showed imports during April falling to 82.23 million tonnes, in a further sign that the rally in hard commodities seen over the last year is falling away. Iron ore imports in April were down 2.3 per cent compared with the same time last year.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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