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TOBO International Trading(Shanghia)Co.,Ltd       Tianda Oil Pipe Co., Ltd

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May 22, 2018

Iron ore port inventory shrinks slower from last week

SHANGHAI, May 18 (SMM) – Iron ore inventories across 35 major Chinese ports shrank 460,000 mt to 144.8 million mt as of Friday May 18, SMM data showed. This compared with 145.27 million mt on Friday May 11.

The drop was smaller compared with the 1.35 million mt seen a week ago.

Daily average volumes delivered from ports this week rose 95,000 mt week on week to stand at 2.54 million mt. The growth was larger than 24,000 mt of the previous week.

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