Chinese Iron Ore Port Stockpiles

Iron Ore

This week saw a weekly decline of 2.0 Mt in Chinese iron ore port stockpiles, falling to their lowest level since early November 2013, at 74.1 Mt, according to data from U-metal on 18 portside locations in China. They have now dropped by 15 Mt from end-March and are 30.3 Mt below their 2014 peak of 104.4 Mt.