Iron ore arrivals at Chinese ports fall for 2nd straight week-Shanghai Metals Market

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Iron ore arrivals at Chinese ports fall for 2nd straight week

Data Analysis 03:10:25PM Sep 03, 2019 Source:SMM

SHANGHAI, Sep 3 (SMM) – Major Chinese ports saw arrivals of seaborne iron ore falling for the second consecutive week as of the end of August, SMM data showed on Tuesday September 3. 

SMM estimates that 74 vessels carrying 11.35 million mt of iron ore arrived at major Chinese ports during August 25-31, down 1.84 million mt from the week ended August 24.

Last week, iron ore deliveries leaving Australian ports rebounded 2.82 million mt from the prior week to 15.14 million mt as shipments recovered at Port Hedland. Shipments that departed Brazilian ports were estimated to fall 1.42 million mt on the week to 7.12 million mt. 

These are likely to grow arrivals at Chinese ports in the second half of September. 

Key Words:  Tradeflow  Iron ore 

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62% Fe Fines (Qingdao Port): IOPI62
Sep.20
759.0
0.0
(0.00%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Sep.20
99.3
-0.1
(-0.13%)
58% Fe Fines (Qingdao Port): IOPI58
Sep.20
694.0
-6.0
(-0.86%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Sep.20
91.6
-0.8
(-0.89%)
65% Fe Fines (Qingdao Port): IOPI65
Sep.20
814.0
0.0
(0.00%)

Iron ore arrivals at Chinese ports fall for 2nd straight week

Data Analysis 03:10:25PM Sep 03, 2019 Source:SMM

SHANGHAI, Sep 3 (SMM) – Major Chinese ports saw arrivals of seaborne iron ore falling for the second consecutive week as of the end of August, SMM data showed on Tuesday September 3. 

SMM estimates that 74 vessels carrying 11.35 million mt of iron ore arrived at major Chinese ports during August 25-31, down 1.84 million mt from the week ended August 24.

Last week, iron ore deliveries leaving Australian ports rebounded 2.82 million mt from the prior week to 15.14 million mt as shipments recovered at Port Hedland. Shipments that departed Brazilian ports were estimated to fall 1.42 million mt on the week to 7.12 million mt. 

These are likely to grow arrivals at Chinese ports in the second half of September. 

Key Words:  Tradeflow  Iron ore