Iron ore arrivals at Chinese ports fell for 2 weeks

Published: Nov 12, 2019 13:51

Save

Brazilian iron ore miner Vale on Nov 11 trimmed its forecast for iron ore and pellet sales to 307-312 million mt in 2019

SHANGHAI, Nov 12 (SMM) – SMM estimates that 83 vessels carrying 11.28 million mt of iron ore arrived at major Chinese ports during November 3-9, down 280,000 mt from the week ended November 2.

This marked the second straight week of decline. During November 3-9, deliveries shrank at ports in China's steelmaking hub, Tangshan, while ports in Shandong province saw greater arrivals.

Last week, iron ore deliveries leaving Australian ports fell 1.18 million mt from the prior week to 14.25 million mt. Shipments that departed Brazilian ports were estimated to drop 1.16 million mt on the week to 6.54 million mt.

Brazilian iron ore miner Vale on November 11 trimmed its forecast for iron ore and pellet sales to 307-312 million mt in 2019, down from the previous estimates of 307-332 million mt.

Tradeflow Iron ore

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Sep 3, 2026 19:00

Japanese Yen Increases USD/JPY Drops Below 159 Amid Intervention Speculation

[SMM Precious Metal Express] The Japanese yen spiked sharply during Wednesday's trading, with USD/JPY falling below 159 and closing down 0.92% at 158.69, sparking speculation of Japanese currency intervention. The dollar index also dropped sharply, with a weaker dollar environment providing support for precious metals.

Sep 3, 2026 19:00

Aug 26, 2026 17:02

Wuhu Approves Environmental Impact Assessment for Anhui Motu's 500,000 kVAh Lead-Carbon Battery Project

[Lead-Acid Battery Enterprise Dynamics] Recently, the Wuhu Municipal Bureau of Ecology and Environment issued an approval opinion, and the environmental impact assessment for the annual production of 500,000 kVAh lead-carbon battery assembly project of Anhui Motu Technology Group Co., Ltd. was officially approved. The enterprise will implement various environmental protection measures in accordance with the requirements of the environmental impact assessment approval, advance subsequent preliminary work, and start the project construction after all conditions are ready.

Aug 26, 2026 17:02

Aug 25, 2026 11:32

PBoC Announces Overnight Reverse Repo and MLF Operations, Boosting Precious Metals Valuations

[SMM Precious Metal Express] The PBoC announced it will conduct overnight reverse repo operations from August 27 to September 1, with daily volume not exceeding RMB 600 billion, and will conduct RMB 500 billion in one-year MLF operations on August 25. The accommodative liquidity environment supports precious metals valuations.

Aug 25, 2026 11:32