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BI-WEEKLY: China’s iron ore conc output, stocks both drop

As of November 26, China’s domestic iron ore inventories at the country’s 186 mining companies hit a new low of 1.84 million tonnes ever since Mysteel commenced the larger-scale survey in January 2019, as demand had been robust while output had been curtailed by recent government-imposed restrictions especially in North China.
The in-plant concentrates stocks fell for the fourth week by another 65,800 tonnes, as these mining companies’ daily iron ore concentrates output had been declining since late October, with the volume down another 9,300 t/d or 1.7% on a fortnight to 526,700 tonnes/day on average over November 13-26, and their

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