China’s iron ore port stocks rebound to 145 mln t

23-Oct-2018

China’s total iron ore stocks at the 45 ports across the country reversed up after a two-week decline, up 1.74 million tonnes or 1.2% on week to 145.28 million tonnes as of October 18, mainly as Brazilian iron ore arrivals surged 8.1% over the period, according to Mysteel’s latest weekly report released on October 19.

Over October 12-18, Brazil-origin iron ore stocks at these Chinese ports increased for the seventh week, up another 2.36 million tonnes on week to 31.66 million tonnes as of October 18. Australia-origin iron ore stocks, on the contrary, dwindled for the thirteenth week, down another 589,600 tonnes or 0.7% on week.

Source: MYSTEEL