Iron ore arriving Chinese ports inches up after two weeks of decline

SHANGHAI, May 7 (SMM) – A total of 73 vessels with 10.72 million mt of iron ore are expected to arrive at major Chinese ports during May 4-10, SMM learned. This will be up 1.05 million mt from 9.67 million mt during April 27 to May 3 and marked a rebound after two consecutive weeks of decline.

For the same period, the volumes of iron ore departing Australian ports are likely to increase 90,000 mt to 15.84 million mt; those leaving Brazilian ports are likely to fall 260,000 mt to 8 million mt.

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