Chinese Iron Ore Port Stockpiles Slip

Iron Ore

Chinese iron ore stockpiles at 42 ports surveyed by U-Metal eased by 0.5 Mt week-on-week to 124.5 Mt on 21 February. Inventories fell for a second week in a row, but were still higher than the 2020-to-date low of 123.6 Mt on 23 January. Stockpiles last week were below the 143.5 Mt held on 22 February 2019.