MYSTEEL: China's portside iron ore stocks hit record high -- any room left?

With China's portside iron ore stocks surging to unprecedented levels over the past few months, concerns over port capacity limits have mounted. However, a recent analysis from Mysteel suggests that port inventories still have room to absorb further inflows, with no imminent risk of saturation.

The current accumulation cycle began in early August last year, when inventories across the 47 major Chinese ports under Mysteel's tracking bottomed out at 142.2 million tonnes. During the eight months since, stocks have risen steadily, with the volume swelling by 37.3 million tonnes, or 26.2%, to a record