Iron ore arrivals at Chinese ports fell 2.31 million mt on week

SHANGHAI, Aug 11 (SMM) – A total of 77 vessels carrying 12.65 million mt of iron ore arrived at major Chinese ports during August 2-8, SMM estimates. This was down 2.31 million mt from the prior week, but up 3.22 million mt from the same period last year.

The amount of arrivals in China’s top steelmaking city of Tangshan fell 1.58 million mt from the prior week as some traders shipped cargoes to Shangdong due to higher iron ore prices there.   

For the same week, iron ore deliveries leaving Australian ports continued to shrink 540,000 mt from the prior week to 14.92 million mt.

Shipments that departed Brazilian ports were estimated to jump 840,000 mt from the prior week to 7.22 million mt.