WEEKLY: China’s iron ore port stocks reach 5-month high
Sep 25, 2020 15:15
Total iron ore stocks at the 45 Chinese ports Mysteel checks weekly touched a five-month high of 116.2 million tonnes on September 24, up by 1.2 million tonnes or 1% on week after climbing for the fifth straight week, according to Mysteel’s survey report published on Friday. The higher stocks reflected steady ore arrivals but sliding iron ore discharge rates from these ports, according to sources.
As of September 24, the total volume of iron ore discharged daily from the 45 ports had dropped by some 47,100 tonnes/day on week to average 3.1 million t/d. The same day, 157 iron ore vessels were queuing at ports to unload, 15 more than were waiting on the prior