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Mysteel's survey shows that the total iron ore shipments dispatched from Australia and Brazil totaled 22.94？million tonnes, down 377,000？tonnes or 1.6% on week, mainly because of the reduction in Australian supplies, according to Mysteel's latest survey released on April 25.
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Domestic iron ore prices at China's major ore production areas dipped further over April 16-20, despite the buoyancy of finished steel and imported iron ore prices last week, Mysteel notes.
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Trading activity of iron ore port inventories in China during the week of April 16-20 extended the uptick monitored during the previous week, Mysteel's weekly survey found.
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Prices ofmostimported coalvarietiescontinued to weaken this week, with coking coal shedding the most on week. Moderate bids and transactionswereheard in the market.
Coking coal imports
Prices of imported coking coalslumped this week, though those of demestic coking coal stayed firm in most regions except for Shanxi, where local prices slid slightly. Primecoking
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The blast furnace (BF) capacity utilization rate among Mysteel’s 247 surveyed steelmakers across China increased for a fifth consecutive week as of April 19, rising by 0.32 percentage point on week to 78.25%, according to Mysteel’s latest survey published on April 20.
The pace of the growth in BF utilization slowed
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Iron ore inventories at the 45 surveyed ports across China declined modestly by 597,900 tonnes or 0.4% on week to 159.8 million tonnes as of April 19, according to Mysteel's latest survey published on April 20.
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Inventories of imported sintering iron ore fines at 64 surveyed steel mills nationwide increased by 1.33 million tonnes or 7.1% from April 3 as steel mills have been procuring new stocks, according to Mysteel's latest bi-weekly survey published on April 19.
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Iron ore shipments from both Australia and Brazil recovered during April 9-15, climbing by 2.7 million tonnes or 13% on week to 23.3 million tonnes, according to Mysteel's latest shipment survey released on April 18.
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Prices of most imported coal varieties continued to weaken this week, with moderate bids and transactions heard in the market.
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The list price of 66% iron ore concentrates for pellets in Tangshan, North China's Hebei province, dipped by Yuan 10/dmt ($1.6/dmt) or 1.6% on week as at April 13 to Yuan 635/dmt EXW and including 17% VAT, a nine-month low, Mysteel's price data showed.
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Iron ore trading activity in China has recovered. Prices increased mildly over the past week as more Chinese steelmakers in North China re-entered the market to procure additional iron ore for ramping up steel production, Mysteel notes.
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Iron ore stocks at China's 45 major ports nationwide continued to shrink during the week from April 8 but only by a marginal 0.5% or 731,600 tonnes to 160.43 million tonnes as of April 12, according to Mysteel's latest survey published on April 13.
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Chinese domestic iron ore mines in North China have been ramping up production over the past two weeks, mainly due to the relaxation of environmental inspections on local iron ore mines in North China's Hebei province, and the end of temporary restrictions on the supply and use of explosives in other parts of North China.
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The blast furnace (BF) capacity utilization rate among the 247 steel plants across China which Mysteel surveys recorded a fourth consecutive weekly rise as of Thursday, edging up by 1.14 percentage points on week to 77.92%, Mysteel's report on April 13 showed.
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Iron ore shipments from both Australia and Brazil fell substantially during April 2-8, totaling 20.6 million tonnes, down 5.6 million tonnes or 21.4% on week, Mysteel's latest shipment survey showed on April 11.
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Chinese domestic coke prices dropped further during the week of April 2-8 as downstream steel mills' buying enthusiasm remained low given the adequate stocks of coke available, market sources explained on Wednesday.
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China's domestic iron ore list prices posted further declines last week, weighed down by the lingering weak demand from downstream iron- and steel producers. Over the same period, the sharpest decline in price among the country's major mining hubs was recorded in Northeast China's Liaoning province, according to Mysteel's price survey.
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Iron ore stocks at China's 45 major ports nationwide reversed down by 1.66 million tonnes or 1% week on week from a record high of 162.82 million tonnes as of March 29, totaling 161.16 million tonnes as of April 7, according to Mysteel's latest survey released on April 9.
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Prices of imported coking coal continued to weaken this week, while those of PCI and thermal coal remained stable. Moderate bids and transactions were heard in the market.
Coking coal imports
Prices of imported coking coalweakened further on sluggish downstream demand, though those of demestic coking coal stayed firm. Primecoking coal fromAustralia’s
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China's blast furnace capacity utilization rate at the 247 surveyed Chinese steelmakers nationwide rose 1.03 percentage points on week to 76.78% as of April 6, according to the latest Mysteel survey published on April 8.
