SHANGHAI, Oct 15 (SMM) – SMM estimates that 80 vessels carrying 12.68 million mt of iron ore arrived at major Chinese ports during October 6-12, down 1.12 million mt from the week ended October 5. But arrivals at ports in the major steelmaking hub of Tangshan increased significantly.
Last week, iron ore deliveries leaving Australian ports rose 1.07 million mt from the prior week to 13.36 million mt. Shipments that departed Brazilian ports were estimated to fall 1.73 million mt to stand at 6.23 million mt.
During October 6-12, iron ore shipments from ports in both Australia and Brazil shrank from that in the previous week.