Australian Atlas Mine Posts Falling Iron Ore Output in Q1 2017 on Monsoon Season-Shanghai Metals Market

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Australian Atlas Mine Posts Falling Iron Ore Output in Q1 2017 on Monsoon Season

SMM Insight 03:20:03PM Apr 26, 2017 Source:SMM

SHANGHAI, Apr. 26 (SMM) – Iron ore output at Australian Atlas mine was flat at 3.62 million tonnes in the first quarter of 2017 on a yearly basis, but the data declined 10% on a monthly basis. In Q1 2017, Atlas mine delivered 3.2 million wet tonnes of iron ore, down 21% MoM and 17% MoM.

Monsoon season was attributed as the main driver to the decline both in iron ore production and shipments.

Besides, C1 cost expanded $2 MoM and $33 YoY to $36 in Q1 2017, due largely to rising transportation cost.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Australian Atlas Mine Posts Falling Iron Ore Output in Q1 2017 on Monsoon Season

SMM Insight 03:20:03PM Apr 26, 2017 Source:SMM

SHANGHAI, Apr. 26 (SMM) – Iron ore output at Australian Atlas mine was flat at 3.62 million tonnes in the first quarter of 2017 on a yearly basis, but the data declined 10% on a monthly basis. In Q1 2017, Atlas mine delivered 3.2 million wet tonnes of iron ore, down 21% MoM and 17% MoM.

Monsoon season was attributed as the main driver to the decline both in iron ore production and shipments.

Besides, C1 cost expanded $2 MoM and $33 YoY to $36 in Q1 2017, due largely to rising transportation cost.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.