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

Published: Jan 19, 2021 13:46 (GMT+8)
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.

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.  

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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