Iron Ore Arrivals at Chinese Ports Up 3.08 million mt on Week

SHANGHAI, Sep 14 (SMM) – According to data tracked by SMM, 76 ships arrived at domestic main ports during September 6-13. Arrivals of cargoes are estimated to stand at 12.56 million mt, up 3.08 million mt from the previous week, but down 2.08 million mt year on year.

Shipments that departed Australian ports were estimated to increase 210,000 mt week on week and 1.45 million mt on the year to 17.47 million mt, and that from Brazilian ports decreased 250,000 mt on the week and 2.8 million mt to 5.87 million mt on the year.

Iron ore arrivals rebounded after the decline in the previous two weeks, while the output of molten iron kept falling. The fundamentals of iron ore stood weak and weighed on iron ore prices.