SHANGHAI, Oct 26 (SMM) – Iron ore stocks across 35 Chinese ports rose 290,000 mt over the week ended Friday October 26 to 133.81 million mt. This marked a second consecutive week of increase, SMM data showed.
More arrivals grew inventories across ports in Tangshan, SMM learned.
Daily average deliveries departing Chinese ports increased 78,000 mt to register at 2.73 million mt. In the first half of this week, a fresh round of environmental review lowered daily deliveries leaving Jingtang port in Tangshan to 260,000 mt. Deliveries rebounded from Wednesday as probes eased.
Deliveries departing ports in Shandong province maintained steady growth on robust demand from steel mills in south and inland cities.
