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Home / Metal News / China Iron Ore Port Inventories Fall for 2nd Straight Week, SMM Reports

China Iron Ore Port Inventories Fall for 2nd Straight Week, SMM Reports

Jul 7, 2017 11:38

Source:SMM

China’s iron ore inventories kept falling this past week, marking the second-straight-week decline.

SHANGHAI, Jul. 7 (SMM) – China’s iron ore inventories kept falling this past week, marking the second-straight-week decline.

According to SMM data, iron ore inventories at the 35 domestic ports were 132.71 million tonnes in the week ending Jul. 7, down 1.53 million tonnes on a weekly basis.

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Daily outward shipments of iron ore from ports, however, were up 68,000 tonnes week-on-week to 2.61 million tonnes, SMM data showed.

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China imported 91.61 million mt of iron ore and its concentrate in October, a decrease of 4.2% from the previous month and a year-on-year decrease of 14.1%, according to the online query platform for customs statistics.

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China Iron Ore Port Inventories Fall for 2nd Straight Week, SMM Reports

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