OREANDA-NEWS. February 13, 2012. As Chinaбпs demand for bulk raw materials slows down, there are reports of huge iron ore stockpiling in a number of domestic ports.

A source with Dalian Port said iron ore stocks there have reached an all-time high of 4.8 million tons. On the other hand, buyers have delayed their collection rates with sluggish downstream consumption.

The same case is true for many other ports, some of which have seen their deposit period of as long as more than half a year, far in exceed of the normal period of three months. At present, iron ore inventories at 19 main ports are already at their record level of 94 million tons.