Iron Ore Inventories across China 10 Major Ports Dropped

The iron ore inventories across the 10 major ports in China dropped 1.4% from before Labour Day holidays to 87.18 million mt last week.

According to SMM data, 187 ships arrived at domestic ports from May 6-12. During this period, shipments from Australia decreased from 15.56 million mt to 13.34 million mt, and those from Brazil rose from 2.96 million mt to 3.2 million mt.

Overseas shipments dropped slightly last week. From the perspective of major ports in China, only the arrivals of concentrates increased.

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