Iron ore arrivals at Chinese ports rose by 820,000 mt on week

SHANGHAI, Jan 5 (SMM) – A total of 82 vessels carrying 14.26 million mt of iron ore arrived at major Chinese ports during December 27-January 2, SMM estimates. This was up 820,000 mt from the previous week, and basically the same as last year. Arrivals at Tangshan and Shandong ports all increased slightly on the week.

For the same week, iron ore deliveries leaving Australian ports fell 1.09 million mt on a weekly basis to 18.67 million mt, 5.28 million mt higher than the same period last year.

Shipments that departed Brazilian ports were estimated to rise 90,000 mt week on week to 8.13 million mt. This was 2.85 million mt higher than the same period last year.

Tangshan will remove the Level II emergency response to heavy air pollution from January 5, which is favourable to iron ore prices.