Iron ore arriving Chinese ports to drop further

SHANGHAI, Apr 30 (SMM) – A total of 69 vessels with 9.67 million mt of iron ore are expected to arrive at major Chinese ports during April 27 to May 3, SMM learned. This will be down 475,000 mt from 10.15 million mt during April 20 to 26 and marked a second week of decline.

For the same period, the volumes of iron ore departing Australian ports are likely to increase 180,000 mt to 15.75 million mt; those leaving Brazilian ports are likely to fall 450,000 mt to 8.09 million mt.

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