Port Inventory and Port Pick-Up Volume of Iron Ore on May 23

Published: May 23, 2025 11:11

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As of May 23, SMM data showed that the total inventory at 35 ports was 139.66 million mt, a decrease of 280,000 mt from before the holiday and a decrease of 350,000 mt WoW. The daily average port pick-up volume of imported ore was 3.019 million mt, a decrease of 129,000 mt from before the holiday. Recently, global shipments have been at a low level, with a slight overall decline in port arrivals. In terms of port cargo pick-up, steel mills intensified their restocking efforts before the holiday, but slowed down their procurement pace after the holiday, leading to a downward trend in port pick-up volume. As a result, the overall port inventory showed a slight decline.

As of May 23, according to SMM data, the total inventory at 35 ports was 137.73 million mt, a decrease of 1.67 million mt WoW. The daily average port cargo pick-up volume of imported ore was 3.138 million mt, an increase of 43,000 mt WoW. Recently, the volume of port arrivals has shown a downward trend, but the port cargo pick-up situation has improved. Pig iron production at blast furnaces in steel mills remains at a relatively high level, still providing certain support for the demand for iron ore concentrates. Therefore, the iron ore port pick-up volume has increased. Overall, there has been destocking at ports this week. Looking ahead to next week, it is expected that port arrivals will remain at a low level, and the overall port inventory may continue to decrease.

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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