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WEEKLY: Aust., Brazilian iron ore shipments high in record

ABSTRACT

The total volume of iron ore dispatched to global destinations from the 19 ports and 16 mining companies in Australia and Brazil was 29.7 million tonnes over December 21-27, or the highest since Mysteel commenced this survey in June 2019, or up for the second week by 4.6 million tonnes or 18% on week with both countries posting on-week gains, according to Mysteel’s weekly tracking.

Over the survey period, Australian iron ore shipments from its ten ports bound for global destinations hit a high in record at 21.7 million tonnes, which grew for the second week by 3.4 million tonnes or 18.7% on week, and the tonnage shipped from Brazil’s nine ports also recovered from a one-week decline by 1 million tonnes or 17% on week to 8 million tonnes.

Mysteel’s other smaller-scale survey showed that iron ore shipments from 14 ports and 12 mining companies in Australia and Brazil rose for the second week to a two-year high of 27 million tonnes over December 21-27, or surging 4.3 million tonnes or 19% on week.

Among the total volume in the smaller-scale survey, the tonnage from Australia to China surged to the highest 17 million tonnes since Mysteel commenced the survey in July 2010, or up for the second week by 4 million tonnes or 30.3% on week.

Rio Tinto’s shipments to China rebounded after one week of dip by 2 million tonnes or 45.4% on week to a six-month high, and BHP’s tonnage to China climbed for the second week by 1.7 million tonnes or 39.3% on week, and that from Fortescue Metals Group rose for the second week by 255,000 tonnes or 7% on week to a new high since early June.

As for Brazil, Vale’s iron ore shipment to the global destinations gained for the third week by 809,000 tonnes or 14.8% on week to 6.3 million tonnes.

Over December 28-January 3, Brazil will conduct scheduled maintenance on Port da Madeira with the duration unclear, according to Mysteel’s survey.

Australian iron ore shipments to China (unit: million tonnes)

Miner   

Rio Tinto

6.734

BHP

5.993

FMG

3.787

Written by Li Ye, liye@mysteel.com 

Edited by Hongmei Li, li.hongmei@mysteel.com



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