SHANGHAI, May 14 (SMM) – Eighty-two vessels carrying 12.33 million mt of iron ore arrived at major Chinese ports during May 5-11, down 1.66 million mt from the previous week, SMM forecasted on Tuesday May 14. Lower shipments from Australia and Brazil are expected to support spot prices of seaborne iron ore in the recent weeks.
For the same week, iron ore deliveries departing Australian ports decreased 1.47 million mt, to stand at 15.08 million mt. Iron ore leaving Brazilian ports was expected to lost 1.14 million mt week on week, to 5.18 million mt during May 5-11.
