Home / Commodities / Chinese iron ore and steelmaking prices / MMi Daily Iron Ore Index Report February 28 2020

MMi Daily Iron Ore Index Report February 28 2020

SMM data showed that iron ore stocks across 35 Chinese ports totalled 111.68 million mt as of February 28, down 1.56 million mt from a week ago and 21.12 million mt lower than a year ago. This marked three consecutive weeks of decline, with no significant increase expected in the short term. Daily average deliveries from the 35 ports increased 135,000 mt from a week ago to 2.73 million mt this week, driven by Tangshan (+30%) and major ports in east, north and south China. Pollution control measures in Tangshan had limited impact on the actual production at local steel mills. Some steel mills increased purchases as they planned to resume production and as transport gradually recovered.

Download PDF

Source: Metals Market Index (MMi)

Recent Videos

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