China Iron Ore Port Inventories Up, SMM Reports

SHANGHAI, Mar. 28 (SMM) – Iron ore inventories at China’s major ports were up slightly last week, according to survey by Shanghai Metals Market. 

In the week ending Mar. 25, iron ore inventories at domestic major ports were 91.50 million tonnes, up 620,000 tonnes week-on-week, according to SMM data. 

“Arrivals of goods were limited last week, and domestic steel mills also purchased on orders,” SMM iron ore analyst said. 

SMM expects arrivals of shipments to grow significantly in early and middle April. 

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