China: Iron Ore Port Inventory and Port Pick-up Volume on October 30, 2026
As of October 30, the latest SMM statistics show that iron ore inventory across 35 main ports in China totaled 148.05 million mt, up 300,000 mt MoM. Overall inventory showed a slight accumulation trend, while daily average port pick-up volume edged down 35,000 mt to 3.175 million mt. This week, iron ore port arrivals increased ...
On October 30, China's iron ore port inventory reached 148.05 million metric tons, an increase of 300,000 metric tons from the previous month, according to SMM statistics. However, the daily average port pick-up volume decreased to 3.175 million metric tons, marking a 35,000 metric ton decline. Despite a notable rise in iron ore port arrivals, steel mill blast furnace production of hot metal decreased.
The combination of cautious downstream procurement and the downward trend in port pick-up volume led to a slight accumulation in overall port inventory.
Looking ahead, the weak demand from steel mills is expected to persist, potentially causing hot metal production to continue its decline and port pick-up volume to remain unchanged or only marginally improve. As a result, port inventory is anticipated to keep its upward trend, with short-term pressure increasing. It is crucial to monitor the effects of steel mill profits and changes in finished steel demand on the pace of hot metal production resumption.
Remember, all data presented is processed by SMM based on publicly available information and market communication, and should be used for reference only, not for making decisions.
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.