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Wednesday, July 08, 2009

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

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