As of November 17, China's seaborne iron ore port inventories showed a slight decrease. Total stock at the country's 47 ports reached 157.99 million tons, falling by 200,400 tons from the previous week. Inventory at 45 ports fell by 137,400 tons to 151.14 million tons.

For the week ending November 16, iron ore stocks at seven major Australian and Brazilian ports totaled 12.85 million tons, rising by 227,000 tons week on week. This sustained growth means current inventory levels are at their highest point since the start of the fourth quarter, indicating a continued buildup of global supply.