Iron Ore Port Inventory and Port Pick-up Volume

AI Summary

China’s iron ore inventories across 35 major ports reached 148.3 million metric tons as of October 16, increasing 2.85 million tons month over month. Average daily port pick-up volume declined by 50,000 tons to 3.185 million tons.

As of October 16, the latest SMM data shows that total iron ore inventory across 35 main ports in China stood at 148.3 million mt, up 2.85 million mt MoM, with overall inventory trending higher. Daily average port pick-up volume edged down 50,000 mt to 3.185 million mt. As of October 16, SMM’s latest statistics ...