Iron ore arrivals at Chinese ports fall for 3rd straight week

SHANGHAI, Sep 11 (SMM) – Major Chinese ports saw arrivals of seaborne iron ore dipping for the third consecutive week as of September 7, SMM data showed on Wednesday September 11. 

SMM estimates that 75 vessels carrying 10.85 million mt of iron ore arrived at major Chinese ports during September 1-7, down 500,000 mt from the week ended August 31.

Last week, iron ore deliveries leaving Australian ports shrank 1.47 million mt from the prior week to 13.67 million mt. Shipments that departed Brazilian ports were estimated to extend declines by 1.09 million mt on the week to 6.03 million mt, due to berth maintenance.