Chinese Iron Ore Stockpiles Rise To Record As End Demand Plummets

Originally Posted by erewen

Chinese Iron Ore Stockpiles Rise To Record As End Demand Plummets

"It may not be one of the core three ...econometric indicators of China's economy ..., but when it comes to getting a sense of capacity bottlenecks in China's fixed investment pipeline ... nothing is quite as handy as commodity, and particularly iron ore .. stockpiles at China's major ports."








I think most importantly, the article does indicate that the stockpiles are being used for loan collateral.

Chinese Iron Ore Stockpiles Rise To Record As End Demand Plummets | Zero Hedge

Actually none of that adds up. The quote says " port stockpiles", their chart says "port inventory", but if you look at the inset in the chart it says "price", and the number there matches the top of the scale