SHANGHAI, Nov 26 (SMM) – SMM estimates that 91 vessels carrying 12.19 million mt of iron ore arrived at major Chinese ports during November 17-23, up 380,000 mt from the week ended November 16. This marked the second straight week of increase.
Meanwhile, iron ore deliveries leaving Australian ports fell 1.98 million mt from the prior week to 13 million mt; shipments that departed Brazilian ports were estimated to shrink 160,000 mt on the week to 6.92 million mt.
The combined volumes of iron ore leaving Australian and Brazilian ports during November 17-23 were 3.37 million mt, or 14.5% lower than the same period a year earlier.
