Shelving it for bit longer, IO should reveal its midterm move...

Shelving it for bit longer, IO should reveal its midterm move towards end of next week, China stockpiles still increasing.

Stockpiles Increasing

Updated: 2011-11-02 09:22 (Xinhua)
ChinaDaily

BEIJING-- China's steelmakers have been more cautious in importing iron ore following recent price declines, as the world's top buyer continued to build up inventories in the week ending Oct 31, according to the Xinhua-China Iron Ore Price Index released on Tuesday.

Stockpiles at 25 major ports in China added 0.78 percent week-on-week to 93.75 million metric tonnes amid weak demand in China, which is the world's largest iron ore consumer.

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