BI-WEEKLY: China mines’ iron ore concs stocks a new low
Jan 25, 2021 13:30
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Iron ore concentrates stocks among the 186 Chinese mining companies fell to a new low since Mysteel started the larger-scale survey in January 2019, hitting 1.7 million tonnes as of January 17, as steel mills’ consumption had remained largely robust while the daily output of iron ore concentrates from the Chinese miners had limited room for ramp-up in winter months, Mysteel Global noted.
OverJanuary 8-21, concentrates inventories at the surveyed miners slipped for the third survey period, down 62,200 tonnes or 3.5% on a fortnight, according to the latest data Mysteel released on January 22.
Over the survey period, these mining companies’ daily output of iron ore concentrates stayed largely unchanged, up merely 400