Chrome ore inventories at major Chinese ports saw a moderate increase in the first week of August 2025. Total port stocks rose from 3,070,000 tons on August 1 to 3,160,000 tons on August 8, marking an overall gain of approximately 90,000 tons.
Port-by-Port Changes:
| Category | August 1, 2025 (‘000 tons) | August 8, 2025 (‘000 tons) | Change (‘000 tons) |
|---|---|---|---|
| Qinzhou | 280 | 330 | +50 |
| Tianjin | 2430 | 2490 | +60 |
| Others | 360 | 350 | -10 |
| Total | 3,070 | 3,160 | +90 |
Key Observations:
- Qinzhou posted a significant gain of 50,000 tons, mainly from South African shipments.
- Tianjin saw the largest absolute increase of 60,000 tons, supported by inflows from Zimbabwe and South Africa.
- Others (including smaller ports) recorded a combined decline of 10,000 tons, suggesting stronger offtake or reduced arrivals.
- Overall port stocks grew nearly 3%, indicating steady import flows, with South Africa maintaining its position as the leading supplier.
This inventory growth may impact short-term price trends, with supply concentration remaining in key northern ports.
