Iron ore seaborne arrivals to expand at Chinese ports

SHANGHAI, Feb 28 (SMM) – Seventy-seven vessels carrying 10.75 million mt of iron ore are expected to arrive at major Chinese ports in the week ended Thursday February 28, up 760,000 mt from the previous week, SMM data showed. 

Seaborne arrivals are likely to increase at major ports in the east and north, as well as at some ports along the Yangtze River.

For the same week, iron ore shipments departing Australian ports are expected to grow by 850,000 mt from the prior week to 15.74 million mt. Iron ore leaving Brazilian ports are likely to expand by 810,000 mt to 7.2 million mt. Major ports across Australia and Brazil will see shipment growth.