Home / Metal News / Steel & Iron Ore / Iron Ore Arrivals at Chinese Ports shrank 2.68 million mt on Week
Iron Ore Arrivals at Chinese Ports shrank 2.68 million mt on Week
Aug 17,2021 13:16CST
Source:SMM
According to data tracked by SMM, 78 ships arrived at domestic main ports during August 9-15. Arrivals of cargoes are estimated to stand at 12.49 million mt, down 2.68 million mt from the previous week, and a decrease of 2.32 million mt from the same period last year.

SHANGHAI, Aug 17 (SMM) - According to data tracked by SMM, 78 ships arrived at domestic main ports during August 9-15. Arrivals of iron ore cargoes are estimated to stand at 12.49 million mt, down 2.68 million mt from the previous week, and a decrease of 2.32 million mt from the same period last year.

Shipments that departed Australian ports were estimated to decrease 4.39 million mt week on week to 14.24 million mt, down 2.07 million mt year on year, and that from Brazilian ports decreased 270,000 mt to 6.01 million mt on a weekly basis, down 1.58 million mt on the year.

The shipments from Australian ports declined due to the port overhaul, and the arrivals of imported ore decreased, so the supply of iron ore did not further increase in the short term.

However, considering that some blast furnaces are still under maintenance at the smelters in Jiangsu, iron ore prices are expected to be dragged down by the weak demand.

iron ore
arrivals
ports

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news