Iron ore arrivals at Chinese ports to extend decline

SHANGHAI, Nov 27 (SMM) – Sixty-four vessels carrying 9.26 million mt of iron ore are likely to arrive at major Chinese ports during November 23-29, down 170,000 mt from that during November 16-22, SMM data showed. 

Arrivals at ports in Shandong province are expected to rise steadily, while those at ports in Tangshan will remain at lows, SMM learned.   

For the same period, iron ore shipments departing Australian ports will increase 340,000 mt to 15.36 million mt as shipments from Port Hedland resume. Iron ore shipments leaving Brazilian ports are likely to fall 190,000 mt to 8.08 million mt during the period.