Home / Commodities / Chinese iron ore and steelmaking prices / MMi Daily Iron Ore Index Report December 20 2019

MMi Daily Iron Ore Index Report December 20 2019

SMM data showed that iron ore stocks across 35 Chinese ports totalled 116.91 million mt as of December 20, up 3.58 million mt from a week ago, but 10.68 million mt lower than a year ago. Daily average deliveries from the 35 ports tumbled 483,000 mt on a weekly basis to 2.46 million mt this week as Tangshan’s Jingtang port and Caofeidian port banned transport during December 13-16, which lowered daily deliveries from these two ports by 428,000 mt. Port stocks in east China and some Yangtze River regions rose slightly due to higher arrivals and stable purchases. Total port stocks are likely to decline this week as steel mills resume purchases after transport ban was lifted in Tangshan while fewer cargoes are expected to arrive . Concentrated heavy pollution alerts for Shanxi, Shaanxi, Shandong, Tianjin and Qi’an may restrain the iron ore market early next week.

Download PDF

Source: Metals Market Index (MMi)

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping