Port Inventory and Port Pick-up Volume of Iron Ore on May 16

Published: May 16, 2025 09:58

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As of May 16, SMM data showed that the total inventory at 35 ports was 139.4 million mt, a decrease of 260,000 mt WoW. The daily average port pick-up volume of imported ore was 3.095 million mt, an increase of 76,000 mt WoW. Currently, port arrivals remain at a high level. In terms of port cargo pick-up, despite recent market rumors of production restrictions in the steel industry, due to the overall profitability of steel mills, enterprises have low willingness to voluntarily restrict production. Pig iron production remains at a relatively high level, providing some support for the demand for iron ore, and port pick-up volume is on an upward trend. Overall, port inventory has shown a slight decrease. Looking ahead to next week, SMM data indicates that pig iron production from blast furnaces at steel mills may decline, with demand support weakening. Coupled with the still high port arrivals, it is expected that the overall port inventory may increase slightly.

As of May 16, SMM data showed that the total inventory at 35 ports was 139.4 million mt, a decrease of 260,000 mt WoW. The daily average port pick-up volume of imported ore was 3.095 million mt, an increase of 76,000 mt WoW. Currently, port arrivals remain at a high level. In terms of port cargo pick-up, despite recent market rumors of production restrictions in the steel industry, due to the overall profitability of steel mills, enterprises have low willingness to voluntarily restrict production. Pig iron production remains at a relatively high level, providing certain support for the demand for iron ore, and port pick-up volume shows an upward trend. Overall, port inventory has slightly decreased. Looking ahead to next week, SMM data indicates that pig iron production from blast furnaces at steel mills may decline, with weakened demand support. Coupled with the still high port arrivals, it is expected that the overall port inventory may increase slightly.

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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