Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Iron Ore Stock Accumulated at Ports

|Includes: CDC Corporation (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.