Iron ore port stocks rebound as cargo unloading recovers

Published: Aug 23, 2019 15:47

Save

Stocks rose 3.41 million mt from a week ago to stand at 109.21 million mt as of Aug 23

SHANGHAI, Aug 23 (SMM) – Inventories of iron ore across 35 Chinese ports rose 3.41 million mt from a week ago to stand at 109.21 million mt as of Friday August 23, showed SMM data, as the unloading of cargoes from stranded vessels recovered.

Port stocks declined 27.41 million mt from a year ago.

Iron ore deliveries from those ports sharply expanded this week, with the daily average volume climbing 502,000 mt from the prior week to 2.803 million mt, as lower stocks at steelmakers triggered restocking.

Daily iron ore deliveries leaving Chinese ports this week were 343,500 mt higher than the same period last year.

Major ports are expected to continue to see a large number of arrivals next week, while deliveries will likely fall after concentrated purchases by mills this week.

Inventory data Iron ore

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Indonesian Nickel Policies Boost Prices, Steel Mills Show Positive Sentiment Before Holiday

[SMM Nickel Flash] On the upstream side, news about Indonesian nickel ore costs and windfall tax policies supported the willingness to hold prices firm, smelters generally held back from selling with a bullish outlook, and high-grade NPI quotes rose in tandem. On the downstream side, steel mills showed relatively positive purchasing sentiment before the holiday. Although most steel mills maintained a wait-and-see attitude after the holiday, the market overall still held up well.

1 hour ago

SMM Nickel Flash: High-Grade NPI Sentiment Index Down to 3.05, Upstream Improves, Downstream Declines

[SMM Nickel Flash] On May 6, the SMM high-grade NPI market sentiment index was 3.05, down 0.04 MoM. The high-grade NPI upstream sentiment index was 3.6, up 0.02 MoM. The high-grade NPI downstream sentiment index was 2.5, down 0.1 MoM.

1 hour ago

2 hours ago

[SMM Stainless Steel Flash] Indonesia Stainless Export Prices Hike $30/mt

On May 6, 2026, following a brief morning suspension, one of the Indonesia's stainless steel mill raised export quotations across all series by $30/mt. According to SMM analysis, the hike is driven by the convergence of positive holiday-period policies and the introduction of "windfall tax" expectations, which have funneled cost premiums directly to downstream products. Indonesian 304 CRC FOB offers are now positioned at approximately $2,227/mt. Bullish sentiment is expected to ripple across Asia as the solidified cost floor pressures other regional producers to follow suit.

2 hours ago