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Iron ore arrivals at Chinese ports fell for 2 weeks
Oct 22,2019 11:49CST
data analysis
Source:SMM
SMM expects near-term prices of spot seaborne iron ore to be supported

SHANGHAI, Oct 22 (SMM) – SMM estimates that 71 vessels carrying 10.5 million mt of iron ore arrived at major Chinese ports during October 13-19, down 2.18 million mt from the week ended October 12

This marked the second straight week of decline in iron ore arrivals at Chinese ports. 

Last week, iron ore deliveries leaving Australian ports shrank 1.15 million mt from the prior week to 12.21 million mt. Shipments that departed Brazilian ports were estimated to flat on the week at 6.23 million mt.

SMM expects near-term prices of spot seaborne iron ore to be supported as shipments from Australia during September-October were below typical levels of the previous years.

Tradeflow
Iron ore

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