Iron ore stockpiles at Chinese ports touch 5-year seasonal high once again!

Last week, iron ore stockpiles in Chinese ports returned above the 150Mt-mark for…

Line chart in IG colours showing iron ore stockpiles at Chinese ports, with three lines representing the years 2022, 2023, and 2024. The 2024 line shows stockpiles reaching 150.7Mt on 22-Nov-24, with a year-on-year increase of 38.9% and a month-on-month rise of 2.4%. The chart also includes a shaded 5-year minimum and maximum range.

… the first time since late-Sep’24 on the back of recovering weekly exports from Australia & Brazil in the past month and stronger iron ore mining output in China since Sep’24.

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