Iron ore arrivals at Chinese ports rose 3.17 million mt on week

SHANGHAI, Jan 19 (SMM) – A total of 118 vessels carrying 19.46 million mt of iron ore arrived at major Chinese ports during January 10-16, SMM estimates. This was up 3.17 million mt mt from the prior week and 6.85 million mt from the same period last year as mines stepped up year-end shipments.

For the same week, iron ore deliveries leaving Australian ports declined 2.48 million mt from the prior week to 13.7 million mt. This was 3.39 million mt higher than the same period last year.   

Shipments that departed Brazilian ports increased 390,000 mt from the prior week to 5.99 million mt. This was up 2.08 million mt from the same period last year.

The amount of iron ore arriving at Chinese ports is expected to decline as it approaches the Chinese New Year holiday.