As of December 14, total iron ore inventory at 30 major Chinese ports amounted to 75.87 million mt, down 1.96 million mt week on week, constituting the seventh consecutive week-on-week decline, according to China’s National Bureau of Statistics. The total iron ore inventory was 20.24 million mt lower compared to the same time last year.
In the week ending December 14, total inventory of iron ore from Australia decreased by 1.4 million mt week on week. Meanwhile, as of the given date inventory of iron ore from Brazil and India at the ports in question indicated respective decreases of 240,000 mt and 30,000 mt, both week on week.