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Home / Metal News / Iron ore port inventory shrinks on steady demand

Iron ore port inventory shrinks on steady demand

iconMay 11, 2018 11:42
Source:SMM
Iron ore inventories across 35 major Chinese ports shrank 1.35 million mt to 145.27 million mt as of Friday May 11

SHANGHAI, May 11 (SMM) – Iron ore inventories across 35 major Chinese ports shrank 1.35 million mt to 145.27 million mt as of Friday May 11, SMM data showed. This compared with 146.62 million mt on Friday May 4.

Overall port inventories shrank as the upcoming SCO Summit affected volumes arriving Qingdao port. Significant deliveries from ports in east and north China also weighed on port inventories.

Daily average volumes delivered from ports this week rose 24,000 mt week on week to stand at 2.45 million mt.

 

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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