MMi Daily Iron Ore Report (August 13)

As of August 13, iron ore inventories across 35 ports tracked by SMM totaled 118.65 million mt, up 200,000 mt from the previous week and 13.67 million mt year-on-year. Daily average deliveries from the 35 ports increased 141,000 mt on a weekly basis to 2.74 million mt this week. Arrivals at two major ports in Shandong soared by 60.7% to 6.3 million mt, and arrivals at two major ports in Tangshan surged by 51% to 4.32 million mt.