Iron ore port inventory inches up first time since Apr

Published: May 4, 2018 14:06

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Iron ore inventories across 35 major Chinese ports rose 160,000 mt to stand at 146.62 million mt as of Friday May 4.

SHANGHAI, May 4 (SMM) – Iron ore inventories across 35 major Chinese ports rose 160,000 mt to stand at 146.62 million mt as of Friday May 4, from 146.46 million mt a week ago. This is the first increase after four consecutive weeks of decline.

Daily average volumes delivered from ports this week shrank 103,000 mt week on week to stand at 2.42 million mt.

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