As of January 29, iron ore inventories across 35 ports tracked by SMM totalled 118.86 million mt, an increase of 340,000 mt from the previous week and 4.31 million mt year-on-year. The increase slowed down further. The average daily deliveries from the 35 ports decreased 236,000 mt on a weekly basis to 2.69 million mt last week.
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.