As of January 3, according to SMM monitoring, the total iron ore inventory at 35 ports reached 145.22 million mt, up 240,000 mt WoW and up 25.92 million mt YoY.

As of December 27, according to SMM monitoring data, the total iron ore inventory at 35 ports stood at 144.99 million mt, down 860,000 mt WoW but up 28.15 million mt YoY.

When analyzing the price of pig iron, global supply and demand dynamics play a pivotal role. As a commodity essential for steel production, pig iron's price is influenced by the production capabilities and strategies of major producing countries, as well as the demand from consumer nations.

SMM global iron ore shipments totaled 32.53 million mt, increasing slightly by 1.8% WoW.

As of December 20, the total inventory at the 35 ports monitored by SMM stood at 145.85 million mt, down 810,000 mt WoW but up 30.23 million mt YoY.