China iron ore port stocks down to 142 million tonnes

14-Jan-2019

Stocks of imported iron ore at 45 major Chinese ports reversed down over January 4-10 after a two-week rise, receding by 1.1 million tonnes on week to 141.8 million tonnes as of January 10, according to Mysteel’s latest weekly survey released on January 11. Behind the dip was the recovery in the daily discharge rate at some ports in North and East China and fewer new arrivals during the period, respondents said.

Over the past week, the restrictions on sintering operations among Tangshan steel mills in North China’s Hebei province were eased and the clampdown on truck deliveries to and from the city’s Caofeidian port was also lifted after several weeks of limitations.

Source: MYSTEEL GLOBAL