Iron ore port inventory shrinks for fourth consecutive week

Published: Apr 27, 2018 14:05

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Iron ore inventories across 35 major Chinese ports as of Friday April 27 fell for four consecutive weeks. This week saw a narrower decline

SHANGHAI, Apr 27 (SMM) – Iron ore inventories across 35 major Chinese ports as of Friday April 27 fell for four consecutive weeks. This week saw a narrower decline, inventories shrank 430,000 mt from a week ago to register at 146.46 million mt, SMM data showed.

Daily average volumes delivered from ports this week grew 40,000 mt from a week ago to stand at 2.523 million mt.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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