Iron ore arrivals at Chinese ports shrank 890,000 mt on week

SHANGHAI, Apr 20 (SMM) – A total of 84 vessels carrying 12.31 million mt of iron ore arrived at major Chinese ports during April 11-17, SMM estimates. This was down 890,000 mt from the previous week, and basically flat from the same period last year.

For the same week, iron ore deliveries leaving Australian ports rose 2.42 million mt on a weekly basis to 16.13 million mt.

Shipments that departed Brazilian ports were estimated to increase 1.39 million mt week on week to 7 million mt. This was 760,000 mt higher than the same period last year.

Although shipments that departed Australian and Brazilian ports increased week on week, domestic demand also maintained an increasing trend, and arrivals at port decreased week on week, continuing to benefit the iron ore market.