Daily Average Port Pick-Up Volume at China's Main Ports on February 14

Published: Feb 14, 2025 10:37

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As of February 14, according to SMM data, the total inventory at 35 ports dropped to 149.55 million mt, down 360,000 mt MoM but up 21.36 million mt YoY. The daily average port pick-up volume of imported ore was 2.715 million mt, up 131,000 mt MoM but down 220,000 mt YoY. Port arrivals slightly declined this week; post-holiday restocking by steel mills drove the increase in port pick-up volume. Overall, port inventory showed an upward trend. Looking ahead to next week, due to the impact of previous shipments, port arrivals are expected to decline further, and port inventory may decrease further.

As of February 14, according to SMM data, total inventory at 35 ports fell to 149.55 million mt, down 360,000 mt WoW but up 21.36 million mt YoY. The daily port pick-up volume of imported ore averaged 2.715 million mt, up 131,000 mt WoW but down 220,000 mt YoY. Port arrivals slightly declined this week; post-holiday restocking by steel mills drove an increase in port pick-up volume. Overall, port inventory showed an upward trend. Looking ahead to next week, due to the impact of previous shipments, port arrivals are expected to decline further, and port inventory may decrease further.

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.

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