Different story to Copper, these current numbers, Copper based...

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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