UTC+8 ( BJT)

WEEKLY: China mills CNY iron ore restocking continues

Chinese steelmakers continue to build their iron ore stocks, chiefly from port inventories, to ensure they can enjoy uninterrupted production during the approaching Chinese New Year (CNY) holiday over February 11-17.
Over the January 18-22 survey period, the trading volume of imported iron ore port inventories among Chinese trading houses averaged 1.36 million tonnes/day, up 4% on week. However, the trading volume of seaborne cargoes only averaged 469,000 t/d, off by a large 63.2% on week, with less trading heard from overseas miners, according to

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