China Imported Iron Ore Stocks Dip in Week Ending Feb 24 -Shanghai Metals Market

Hot Keywords

  • Zinc
  • Market commentary
  • Aluminium
  • Futures movement
  • Copper
  • Inventory data
  • Lead
  • Evening comments
  • Macroeconomics
  • MMi Iron Ore Port Index
  • Li-Ion Battery Cathode Material
  • Morning comments
  • Customs data
  • Silicon
  • Nickel

China Imported Iron Ore Stocks Dip in Week Ending Feb 24

Industry News 09:13:39AM Feb 27, 2012 Source:SMM

BEIJING, Feb 24 (Reuters) - Stockpiles of imported iron ore at major Chinese ports fell fractionally this week to end Friday at 98.94 million tonnes, according to data from industry consultancy Mysteel. 

Inventories have now fallen for three successive weeks after hitting a record 101 million tonnes in early February. 

Iron ore prices in China edged up this week as traders looked towards an eventual recovery in domestic steel demand.

Pilbara fines with 61.5 percent iron content were being quoted at $138-$140 per tonne on Friday, up $3 since the end of last week.  

 

Key Words:  iron ore  iron ore inventories 

Price

more
62% Fe Fines (Qingdao Port): IOPI62
Apr.19
669.0
0.0
(0.00%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Apr.19
92.0
-0.2
(-0.20%)
58% Fe Fines (Qingdao Port): IOPI58
Apr.19
601.0
0.0
(0.00%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Apr.19
82.2
-0.2
(-0.19%)
65% Fe Fines (Qingdao Port): IOPI65
Apr.19
777.0
3.0
(0.39%)

China Imported Iron Ore Stocks Dip in Week Ending Feb 24

Industry News 09:13:39AM Feb 27, 2012 Source:SMM

BEIJING, Feb 24 (Reuters) - Stockpiles of imported iron ore at major Chinese ports fell fractionally this week to end Friday at 98.94 million tonnes, according to data from industry consultancy Mysteel. 

Inventories have now fallen for three successive weeks after hitting a record 101 million tonnes in early February. 

Iron ore prices in China edged up this week as traders looked towards an eventual recovery in domestic steel demand.

Pilbara fines with 61.5 percent iron content were being quoted at $138-$140 per tonne on Friday, up $3 since the end of last week.  

 

Key Words:  iron ore  iron ore inventories