Saturday, January 29,
Stockpiles of imported iron ore at major Chinese ports rose for a sixth consecutive week to reach 78.06 million tonnes this week, up 1.3 percent from last week.
Australia ore stockpiles rose 1.5 percent or 430,000 tonnes to 29.71 million tonnes over the week, and ore from Brazil rose 520,000 tonnes to 19.94 million tonnes.
Ore originating from India rose slightly to 12.34 million tonnes this week, from 12.25 million tonnes last week.
Restocking by Chinese steel mills has almost ground to a halt in the final week ahead of the Lunar New Year holiday, although iron ore prices have stayed firm round $189-190/MT including freight.
Source: Reuters
Leave a Reply