SMM Iron Ore Arrivals at Chinese Ports Rise for 2 Weeks

Image Source: SteelGuru

SMM reported that arrivals of seaborne iron ore at Chinese ports rose last week for a second straight week, which will modestly ease tightness in inventories. SMM estimates that 115 vessels carrying 17.52 million mt of iron ore arrived at major Chinese ports in the week ended July 13, up 3.68 million mt from the week to July 6. Qingdao, Rizhao, Tianjin and Jingtang ports saw substantial increases in iron ore arrivals last week.

For the same week, iron ore deliveries departing Australian ports expanded 2.14 million mt from the prior week to 14.18 million mt, while those leaving Brazilian ports fell 380,000 mt to 5.69 million mt.

Source : SMM