China iron ore port stocks grow to 143 million tonnes

7-Jan-2019

Imported iron ore stocks at China’s 45 major Chinese ports continued to recover over December 28 2018-January 3, up another 1.3 million tonnes on week to 142.9 million tonnes as of January 3 amid the constantly low discharge rates at some ports in North China and more new arrivals during the period, according to Mysteel’s latest weekly survey released on January 4.

Over the period, the daily discharge rate at these 45 ports declined by another 12,000 tonnes/day or 0.5% on week to 2.64 million t/d on average, as the deliveries at some ports in North China still stumbled, offsetting any increases in the daily discharge volumes from some ports along Yangtze.

Source: MYSTEEL GLOBAL