Iron ore stockpiles at major Chinese ports fall to 69.35 mln tons byJuly 3

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Shanghai.  July  3.  INTERFAX-CHINA  - Iron ore stockpiles at China's 22
major ports  dropped  by 0.12 percent from June 26 to 69.35 million tons
on July  3,  of  which  there were 15.15 million tons of Indian iron ore
stockpiles,   down  3.93  percent,  according  to  figures  released  by
Shanghai-based Mysteel Information.
According  to  recent  speculation, the Indian government is considering
hiking taxes  on  its  iron ore exports, which would support spot Indian
iron ore prices in the future.
The average  delivery price for Indian iron ore grading 63 percent stood
between  RMB 630 ($92.2) and RMB 640 ($93.66) per ton on July 3 at ports
in Shandong  Province.  The  price  of Brazilian fine grading 65 percent
stayed between  RMB  660 ($96.59) and RMB 670 ($98.05) per ton on July 3
at these ports.
Iron ore  freight rates from Brazil's Tubarao Port to Beilun and Baoshan
ports increased  by  5.96 percent from June 25 to $45.61 per ton on July
2, while  freight  rates  from  Western  Australia to Beilun and Baoshan
ports stood at $16.64 per ton on July 2, down 8.49 percent from June 25,
according to the latest information from Mysteel.
The table below shows stockpile figures at China's 22 ports on July 3. 
Iron ore stockpiles at China's 22 ports, July 3, 2009 
    Port       Iron ore    Australian   Brazilian  Indian ore   Detainment
              stockpiles    ore (mln    ore (mln   (mln tons)
               by Jul 3       tons)       tons)
              (mln tons)
Qinhuangdao           1.5          N/A         N/A         0.5         None
Port
Qingdao Port          9.6          4.1         3.8         0.9      10 days
Tianjin Port         5.52         2.65        0.85         1.5      18 days
Jingtang Port        3.94          0.8         N/A           3         None
Caofeidian           6.26          3.7         1.8         0.6      10 days
Port
Rizhao Port           9.6          4.5         3.3         1.1      10 days
Lanshan Port         1.72          0.5        0.15         0.7         None
Yantai Port           2.3          1.5        0.15         0.1         None
Dalian Port          3.33         1.55           1         0.3         None
Dandong Port         0.42          N/A         N/A         0.3         None
Lianyungang           5.9            1         1.2         3.4   5 - 6 days
Port
Beilun Port             3          1.2         1.5         N/A       6 days
Nantong Port          1.8            1         0.5         N/A         None
Zhenjiang             2.4          0.9        0.65        0.45         None
Port
Zhanjiang             2.8            1        0.65         N/A         None
Port
Xiamen Port          0.43          N/A         N/A        0.25         None
Jiangyin Port         0.6         0.05         N/A         0.5         None
Longkou Port         0.38          N/A         N/A        0.35         None
Bayuquan Port         1.9            1         0.5         N/A         None
Fangchenggang         3.1          0.7         0.9         1.2         None
Port
Mawan Port           0.45          N/A         N/A         N/A          N/A
Shanghai              0.8          N/A         N/A         N/A          N/A
Luojing Port
Other ports           1.6          N/A         N/A         N/A          N/A
Total               69.35        26.15       16.95       15.15          N/A

Source: Mysteel 
-LCL/GD