China iron ore port stocks recover to 142 million tonnes

31-Dec-2018

Imported iron ore stocks at 45 major Chinese ports reversed up strongly over December 21-27, growing 2.7 million tonnes on week to 141.6 million tonnes as of December 27 amid the slowdown in the daily discharge rate at some ports while the increase in new arrivals, according to Mysteel’s latest weekly survey released on December 28.

Caofeidian port in Tangshan, North China’s Hebei province, a core iron ore terminal, for example, saw its daily discharge rate hit a one-year low by having almost halved, down 120,000 tonne/day over the week to 130,000 t/d on average for December 21-27.

Source: MYSTEEL GLOBAL