WEEKLY: China's iron ore stocks at 45 ports climb further

Total stockpiles of imported iron ore across China's 45 major ports under Mysteel's regular tracking increased for the fifth straight week to 158.6 million tonnes by December 25, up by a substantial 3.5 million tonnes or 2.2% on week, according to the latest survey results. The current inventories, up by 6.7% on year, also marked the highest level since March 2022.

New iron ore arrivals at these major ports remained high despite a slip last week. During December 15-21, about 26.5 million tonnes of iron ore cargoes arrived at the 45 sampled ports, down by 767,000 tonnes or 2.8% from the previous week. By December 25, a total of 103