China’s iron ore port stocks dip 5.6% to below 144 million tonnes

5-Nov-2018

Imported iron ore stocks at China’s 45 ports across the country continued to decline over October 26-November 1, down sharply by 1.61 million tonnes or 5.6% on week to 143.57 million tonnes by November 1, as Chinese steel mills moved iron ore to their plants over the period amid high steel output, according to Mysteel’s latest weekly survey released on November 2.

Over October 26-November 1, the daily discharge rate at these 45 ports refreshed the record high since Mysteel commenced the survey in December 2015, being up further by 34,800 tonnes/day or 1.1% on week to 3.08 million t/d on average.

Source: MYSTEEL