China’s iron ore imports have witnessed a decline to 82.92 MnT in Apr’18 compared to Mar’18 imports at 85.79 MnT. Increased iron ore inventories at Chinese major ports could be one of the reason for reduced import bookings. In beginning of Mar’18, iron ore stock at major Chinese ports stood at 158.6 MnT which increased to 161.68 MnT by the month end.
Average global iron ore fines (Fe 62%) prices remained stable majorly with marginal fall of 4% to USD 66/MT, CFR China in Apr’18 compared to USD 69/MT, CFR China in the previous month.
Iron ore imports to China in Apr’18 rise on yearly premises
China iron ore (including pellets) imports stood at 82.92 MnT in Apr’18, up marginally against Apr’17 imports at 82.23 MnT, according to General Administration of Customs, China.
The imports have taken a forward leap owing to end of winter heating season (by mid March), resulting in reopening of numerous steel mills in northern China.
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