SHANGHAI, Jul 27 (SMM) - Iron ore stocks across 35 Chinese ports grew 720,000 mt on a weekly basis, to 140.34 million mt as of Friday July 27. Daily average deliveries from ports fell 148,000 mt week on week to 2.35 million mt, SMM data showed.
Typhoon Ampil and torrential rains in Shandong province affected unloading and deliveries at local ports. Daily average deliveries from Qingdao port and Rizhao port fell significantly. Stocks at Rizhao port also dipped.
Port stocks in Tangshan changed little as arrivals remained stable. Daily average deliveries from Caofeidian port dipped as nearby steel mills were subject to output or transport controls. Daily average deliveries from Jingtang port remained unchanged.
