[SMM Monthly Shipping Data] Global Overseas Shipments and Port Arrivals Increased Simultaneously in May

In May 2025, SMM reported that the global iron ore shipments totaled 151.62 million mt, up 14.85 million mt MoM, representing an increase of 11%. Among them, the increase from Australia and Brazil was more significant. Shipments from Peru and Malaysia declined notably.

By mine, shipments from the four major mines all increased in May, with Vale showing a larger increase. However, shipments from Trafigura, CITIC Pacific, and Shougang Group decreased.

In May 2025, SMM reported that China's total iron ore port arrivals reached 110.32 million mt, up 5.81 million mt MoM, representing an increase of approximately 6%. Ports with significant increases included Caofeidian and Jingtang ports. Ports with notable declines included Rizhao Port and Lianyungang Port. On a YoY basis, port arrivals increased slightly. By ore type,

By ore type, in May 2025, coarse powder and lump ore arrivals increased, while concentrate and pellet arrivals declined slightly. The market's highly-watched Wujing ore imports declined in May.