Iron Ore Inventories China at Geraldine Rafael blog

Iron Ore Inventories China. China, which buys about 75% of global seaborne iron ore, imported 102.3 million metric tons in may, according to customs data, marking a third straight month of arrivals of more than 100. Iron ore inventories increase when there's excess supply or reduced demand, and growing inventories can put downward pressure on iron ore prices. Iron ore slumped more than 7% — dropping below the $110 a ton mark — after disappointing demand in china left the market. Iron ore has emerged as the surprise in china's first quarter commodity imports, with arrivals posting strong gains. Iron ore inventories at chinese ports have been on a downtrend for two months, reaching their lowest levels since late may. Iron ore retreated from the highest close in two weeks on rising port inventories in china, the biggest importer of the steelmaking.

Three things to watch in the iron ore market in 2024 CRU
from www.crugroup.com

Iron ore slumped more than 7% — dropping below the $110 a ton mark — after disappointing demand in china left the market. Iron ore has emerged as the surprise in china's first quarter commodity imports, with arrivals posting strong gains. Iron ore inventories at chinese ports have been on a downtrend for two months, reaching their lowest levels since late may. Iron ore retreated from the highest close in two weeks on rising port inventories in china, the biggest importer of the steelmaking. China, which buys about 75% of global seaborne iron ore, imported 102.3 million metric tons in may, according to customs data, marking a third straight month of arrivals of more than 100. Iron ore inventories increase when there's excess supply or reduced demand, and growing inventories can put downward pressure on iron ore prices.

Three things to watch in the iron ore market in 2024 CRU

Iron Ore Inventories China Iron ore inventories increase when there's excess supply or reduced demand, and growing inventories can put downward pressure on iron ore prices. Iron ore slumped more than 7% — dropping below the $110 a ton mark — after disappointing demand in china left the market. Iron ore inventories at chinese ports have been on a downtrend for two months, reaching their lowest levels since late may. Iron ore retreated from the highest close in two weeks on rising port inventories in china, the biggest importer of the steelmaking. China, which buys about 75% of global seaborne iron ore, imported 102.3 million metric tons in may, according to customs data, marking a third straight month of arrivals of more than 100. Iron ore has emerged as the surprise in china's first quarter commodity imports, with arrivals posting strong gains. Iron ore inventories increase when there's excess supply or reduced demand, and growing inventories can put downward pressure on iron ore prices.

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