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

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


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