China: Iron Ore Port Inventory and Port Pick-up Volume on October 23, 2026
As of October 23, the latest SMM data shows that total iron ore inventory across 35 main ports in China stood at 147.75 million mt, down 750,000 mt MoM. Overall inventory showed a slight downtrend, while daily average port pick-up volume edged up by 25,000 mt to 3.21 million mt. As of October 23, the ...
On October 23, 2026, China's iron ore port inventory and pick-up volume saw notable changes according to latest SMM data. Total iron ore inventory across the 35 main ports decreased to 147.75 million metric tons, marking a decline of 750,000 metric tons month-over-month. Despite the overall inventory trend, the daily average port pick-up volume increased by 25,000 metric tons to reach 3.21 million metric tons.
Port arrivals experienced a significant monthly drop, while hot metal production from steel mill blast furnaces showed a slight rebound on the demand side. The interplay between supply and demand resulted in a modest reduction in port inventory, creating a phased mismatch between supply and demand.
Looking ahead, as port arrivals gradually resume normal levels and hot metal production is anticipated to remain largely unchanged, port inventory may transition back to accumulation mode. Stakeholders are advised to closely monitor the pace of port arrivals and fluctuations in steel mill production to gauge future trends in the iron ore market. This information is sourced from SMM's latest statistics.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
