Iron ore arrivals at Chinese ports increased 540,000 mt on week

SHANGHAI, Sep 15 (SMM) – A total of 89 vessels carrying 14.64 million mt of iron ore arrived at major Chinese ports during September 6-12, SMM estimates. This was up 540,000 mt from the previous week, and 710,000 mt from the same period last year. The amount of arrivals at major Shandong ports surged week on week, while that in Tangshan and Tianjin fell.

For the same week, iron ore deliveries leaving Australian ports rose 1.57 million mt on a weekly basis and 1.69 million mt on a yearly basis to 16.02 million mt.

Shipments that departed Brazilian ports were estimated to rise 1.07 million mt from the prior week to 8.67 million mt. This was 2.58 million mt or 42% higher than the same period last year.

According to the preliminary data released by Brazil's Ministry of Economy on Tuesday September 15, Brazil exported 17.34 million mt of iron ore in the first two weeks of September, with an average daily export of 2.17 million mt, hitting a new high in 2020. Brazil exported 25.25 million mt of iron ore to China, recording a fresh high of export volume in a single month.