iron ore-key indexes fall, page-9

Different story to Copper, these current numbers, Copper based on last months, although China current PMI looks fine.

Iron Ore Vessels for China Fell 61% Last Week, Commodore Says

October 24, 2011, 6:03 AM EDT

WASHINGTON (Bloomberg)
-- The number of vessels hired to ship iron ore to China slid 61 percent last week as steel prices fell and stockpiles expanded, Commodore Research & Consultancy said.

Eleven shipments of iron ore, an ingredient in steel, were chartered to China last week, down 17 from the week before and 12 below the trailing four-week average, New York-based Commodore said in a report e-mailed today. Chinese steel prices fell 7 percent to 4,380 yuan ($686) a metric ton last week, the largest such drop since October 2009, and domestic steel stockpiles rose 2 percent to 15.1 million tons, it said.

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