According to SteelHome survey, iron ore inventory at 46 main Chinese ports was 109.25 million tons as of June 24, 2020, up 0.9 million tons from June 18.

Of the stocks, about 51.5 million tons belong to traders. The stocks comprise 21.2 million tons of lump, 7.5 million tons of pellet and 7.1 million tons of concentrate fines. Daily shipment was 3.1 million tons, up 60,000 tons from the previous week.

Meanwhile, daily iron ore arrivals at five largest Northern ports (Qingdao, Rizhao, Tianjin, Caofeidian and Jingtang) reached 1 million tons this week, up 0.01 million tons from last week.