Iron ore arrivals at Chinese ports fall for 2 weeks

Published: Aug 14, 2019 10:14
About 9.43 million mt of iron ore arrived at Chinese ports during Aug 4-10, down 2.67 million mt from the prior week

SHANGHAI, Aug 14 (SMM) – Arrivals of seaborne iron ore at Chinese ports shrank for a second straight week last week, and are likely to pick up later this month, as more shipments have departed from Australia and Brazil in recent weeks.

SMM estimates that 68 vessels carrying 9.43 million mt of iron ore arrived at major Chinese ports during August 4-10, down 2.67 million mt from the week ended August 3. Arrivals shrank 2.31 million mt in the previous week.

Last week, iron ore deliveries leaving Australian ports grew 610,000 mt from the prior week to 15.18 million mt. Shipments that left Brazilian ports expanded 180,000 mt to 7.42 million mt.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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Iron ore arrivals at Chinese ports fall for 2 weeks - Shanghai Metals Market (SMM)