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Iron ore inventory across 10 major Chinese ports built up

iconFeb 22, 2024 17:33
Source:SMM
As of Feb 22, the iron ore inventory across 10 major Chinese ports tracked by SMM totaled 99.07 million mt. Port inventories picked up.

As of Feb 22, the iron ore inventory across 10 major Chinese ports tracked by SMM totaled 99.07 million mt. Port inventories picked up. During the CNY break, steel mills purchased less goods and demand weakened. Fines, iron ore concentrates, lump, and pellet stocks all built up.

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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.

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