Iron ore arrivals at Chinese ports dip.

Arrivals of seaborne iron ore at Chinese ports shrank last week, as cargoes that arrived at ports in both Shandong and Tangshan slid week on week. SMM estimates that 85 vessels carrying 12.1 million mt of iron ore arrived at major Chinese ports during July 28-August 3, down 2.31 million mt from the week ended July 27, after arrivals rebounded 2.88 million mt in the previous week.

During July 28-August 3, iron ore deliveries departing Australian ports grew 500,000 mt from the prior week...