Iron ore arrivals at Chinese ports fall 1.22 million mt on week

SHANGHAI, Aug 27 (SMM) – Arrivals of seaborne iron ore at Chinese ports shrank last week, after shipment recovery from typhoon boosted the arrivals two weeks ago. 

SMM estimates that 85 vessels carrying 13.19 million mt of iron ore arrived at major Chinese ports during August 18-24, down 1.22 million mt from the week ended August 17.

Last week, iron ore deliveries leaving Australian ports decreased 2.24 million mt from the prior week to 12.32 million mt due to port maintenance. Shipments that left Brazilian ports resumed to levels of the same period a year ago, as they rose 1.18 million mt on the week to 8.54 million mt.