Home / Commodities / Chinese iron ore and steelmaking prices / MMi Daily Iron Ore Index Report April 09 2019

MMi Daily Iron Ore Index Report April 09 2019

Eighty vessels carrying 12.08 million mt of iron ore arrived at major Chinese ports in the week ended Thursday April 4, up 2.1 million mt from the previous week, SMM forecasted. For the same week, iron ore shipments departing Australian ports increased 6 million mt, to stand at 13.29 million mt. This fell some 2.67 million mt from the same period a year ago. Iron ore leaving Brazilian ports was expected to drop by 3.16 million mt on the week, to a record low of 2.32 million mt, due to Vale’s dam accident in January. Iron ore physical port stock quotes were relatively flat today, much of it due to a range bound DCE trading session. Traders look to sell while mills are cautious, especially after yesterday’s pooled procurements, leading to total transactions today down on yesterday.

Download PDF

Source: Metals Market Index (MMi)

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping