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WEEKLY: China iron ore port stocks grow to 140.5 mln t

ABSTRACT

Over October 15-21, total stocks of imported iron ore at China's 45 ports climbed by 1.5 million tonnes or 1.1% on week to reach 140.5 million tonnes, the highest since April 12 2019 and made for the fourth on-week increase. The growth in unloading volumes had outpaced higher daily discharge rates at these ports, survey respondents suggested.
As of October 21, a total of 202 iron ore vessels were queuing at ports for unloading, six fewer than in the prior week when the number hit 208, the longest queue since May 8 2020, according to Mysteel's tracking.   Meanwhile, the volume of iron ore discharged daily from the 45 ports totalled

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