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April 17, 2018

Iron ore port inventory edges down on increasing demand

SHANGHAI, Apr 13 (SMM) – Iron ore inventory at 35 major Chinese ports stood at 147.77 million mt as of Friday April 13, down 2.27 million mt from a week ago, SMM data showed.

Jingtang and Caofeidian ports saw an apparent inventory decline due to fewer deliveries to ports in north China. Mills demand also recovered following the end of the heating season.

Volumes delivered from ports this week rose to 2.44 million mt, up by 28,000 mt from a week ago.

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