Iron ore arrivals at Chinese ports plunged by 3.36 million mt on week

SHANGHAI, Dec 29 (SMM) – A total of 83 vessels carrying 13.44 million mt of iron ore arrived at major Chinese ports during December 20-26, SMM estimates. This was down 3.36 million mt from the previous week, but up 1.75 million mt from the same period last year. Arrivals at the two ports in Tangshan fell by 11% on the week, while that at the two major ports in Shangdong dropped nearly 14%.

For the same week, iron ore deliveries leaving Australian ports surged 3.09 million mt on a weekly basis to 19.76 million mt, more than 85% of which was shipped to China.

Shipments that departed Brazilian ports were estimated to rise 1.11 million mt week on week to 8.04 million mt. This was 2.66 million mt higher than the same period last year.