Imported iron ore stocks at Chinese ports stood at 131.9 million tonnes, as of Monday, declining steadily over the last four weeks, SteelHome consultancy data showed SH-TOT-IRONINV, as steelmakers ramped up output amid increased construction-related demand for steel.Ĭhinese steel prices are likely to rebound in October with market fundamentals improving and macroeconomic support policies coming into force, Mysteel consultancy said, citing its chief analyst Wang Jianhua.Ĭaution is likely to prevail, however, ahead of this month’s Chinese Communist Party congress. On the Shanghai Futures Exchange, rebar SRBcv1 rose 1.4%, while hot rolled coil SHHCcv1 advanced 0.6%. Other steelmaking ingredients also advanced, despite news about rising post-holiday COVID-19 cases in China and a contraction in the country’s services activity last month.ĭalian coking coal DJMcv1 and coke DCJcv1 climbed 5.3% and 3.8%, respectively. On the Singapore Exchange, benchmark November iron ore SZZFX2 was up 2.2% at $97.70 a tonne, as of 0700 GMT.Ĭhinese markets were closed for the Golden Week holidays that began on Oct. The most-active January iron ore contract on the Dalian Commodity Exchange DCIOcv1 ended daytime trade 2.2% higher at 739.50 yuan ($103.93) a tonne, after touching 744.50 yuan earlier in the session, its highest since Aug. Please note that the code must be integrated into the HTML code (not only the text) for WordPress pages and other CMS sites.Iron ore prices rose on Monday, as portside inventory in top steel producer China shrank during the Golden Week holidays to the lowest since mid-July, indicating strong demand for the steelmaking ingredient.Īdding to supply concerns, threats of flooding remained in Australia – China’s biggest iron ore supplier – as authorities warned of another intense weather system that could bring more downpours. Our standard is 660 pixels, but you can customize how the statistic is displayed to suit your site by setting the width and the display size. Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. Yes, Statista allows the easy integration of many infographics on other websites. It transmits, among other things, call name, vessel type, GPS position, dimensions and similar data.Ĭan I integrate infographics into my blog or website? Every ship over 20m has to transmit an AIS signal. These are important in shipping for the exchange of navigational data via radio. This Statista graphic provides an overview of the world's largest cargo ports.įleetMon uses ships’ Automatic Identification Systems (AIS) signals to display traffic volume. To put this into perspective, the largest port in Europe is in Rotterdam, and had only 15.3 million TEUs handled there in that same year. 47 million 20-foot equivalent units (TEUs, unit of measure for container sizes) were handled there last year. In terms of container throughput, Shanghai’s port is the largest in the world. Our chart shows the scale of the problem, using a map of the area on April 28, as provided by FleetMon, an online tracking portal for ships. With employees unable to go to work, the world’s largest container port is having to manage with significantly fewer staff. China’s tough new lockdown measures have led to a major backlog of cargo and container ships in front of Shanghai's port.
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