China iron ore port stocks hover at 143 million tonnes

19-Nov-2018

Stocks of imported iron ore at China’s 45 ports were largely stable on week at 142.7 million tonnes as of November 15, lower but by a mere 88,600 tonnes or 0.1% over the November 9-15 week.

The dip reflected the fact that many steel mills in North China slowed down their iron ore deliveries from ports to works and that iron ore arrivals at some ports in East China were lower, according to Mysteel’s latest weekly survey released on November 16.

Over November 9-15, the daily discharge rate at these 45 ports declined again on week, slowing by 89,700 tonne/day or 3% on week to 2.87 million t/d on average, due chiefly to the lower speed at some ports in North China.

Source: MYSTEEL