Iron ore arrivals at Chinese ports rose 1.17 million mt on week

SHANGHAI, Nov 24 (SMM) – A total of 87 vessels carrying 14.52 million mt of iron ore arrived at major Chinese ports during November 15-21, SMM estimates. This was up 1.17 million from the previous week and 2.33 million mt from the same period last year. While arrivals in Shandong increased nearly 1.5 million on the week, there was a slight drop in the amount of iron ore arriving in Tangshan.

For the same week, iron ore deliveries leaving Australian ports shrank 2.12 million mt on a weekly basis to 15.07million mt due to maintenance of berths at Dampier port and Hedland port. This was up 2.07 million mt from the same period last year.

Shipments that departed Brazilian ports were estimated to fall 900,000 million mt week on week to 7 million mt, basically flat year on year.