As of July 30, iron ore inventories across 35 ports tracked by SMM totaled 120.7 million mt, up 740,000 mt from the previous week and up 14.77 million mt year-on-year. Daily average deliveries from the 35 ports decreased 174,000 mt on a weekly basis to 2.28 million mt last week. Inventory at two major ports in Tangshan grew 4.6% as heavy rain caused the daily average deliveries from ports to fall 12% to 317,000 mt and as arrivals continued to increase.