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ChinaScope Financial
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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • Iron Ore Stock Accumulated at Ports 0 comments
    Dec 6, 2011 1:41 AM | about stocks: CHINA, NEWS
    Source: ChinaScope Financial (Data), Economic Evening News
    +  As of Nov. 25, iron ore stock at the Shanghai Luojing Port reached 1.6 million tons, Ningbo Beilun Port with 2.9 million tons, and Jiangsu Lianyungang Port with 7 million tons. Numbers are still high even though there have already been decreases in stock.
    +  The tightening funding chain for domestic steel companies’ forces many of them to choose “zero inventory” as their way of operation. More raw materials are being stored at ports and slow picks up cause inventories to accumulate.

    Themes: commodity Stocks: CHINA, NEWS
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