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Tianjin port unit freezes iron ore stocks after finding illegal release from warehouse

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New examples of irregularities at ports will raise fresh concerns about the risks of storing commodities in China and commodity financing, traders say.

Tianjin

A SUBSIDIARY of China's Tianjin port said some iron ore stored in a private warehouse had been illegally released by an undisclosed agent and trading firm.

The move led Tianjin Port No 5 Stevedoring Co Ltd to block the release of some iron ore stocks and has prompted checks

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