SMM

SMM survey revealed that last week, the total inventory of imported iron ore across ten major ports in China grew 1.3% from the prior week to 86.20 million mt. According to SMM data, 176 ships arrived at domestic ports from June 3-9. During this period, shipments from Australia decreased from 14.33 million mt to 14.04 million mt, and those from Brazil grew from 3.47 million mt to 3.88 million mt. Only the arrivals of lump increased.