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China’s iron ore lump stocks low, prices stay high

ABSTRACT

Less supply and firm demand are keeping China’s port inventories of iron ore lumps low, Chinese market sources observed on Friday, adding that this is ensuring that lump prices remain strong.
Despite this week’s small uptick in lump stocks to reach 17.38 million tonnes as of Thursday, Mysteel’s data showed that prior to this, total iron ore lumps at the 45 Chinese ports had decreased to 17.28 million tonnes by June 17, or a low since August 2019. Correspondingly, as of June 24, Mysteel’s 62.5% Fe iron

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