As of January 5, iron ore inventory across 35 ports tracked by SMM totalled 119.31 million mt, up 2.41 million mt WoW.
Looking at this week, according to SMM's current tracking, the average daily output of pig iron will increase, which may fuel another increase in shipments from the ports. But meanwhile port arrivals may move up in the near future. Under this circumstance, it is expected that iron ore inventory at ports may keep piling up.
