China’s iron ore port stocks hover at 145 mln t

30-Oct-2018

Imported iron ore stocks at China’s 45 ports across the country largely stabilized at 145.2 million tonnes as of October 25, nudging down but by merely 90,100 tonnes or 0.1% on week after a one-week increase, as Chinese steel mills had been moving more iron ore to their plants over October 19-25, according to Mysteel’s latest weekly survey released on October 26.

Over October 19-25, the daily discharge rate at these 45 ports rose sharply by 124,800 tonnes/day or 4.3% on week to 3.04 million t/d on average, and even higher paces were detected at some ports in North China, such as a 10.7% week-on-week surge at the Caofeidian port in Hebei.

Source: MYSTEEL