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MMi Daily Iron Ore Index Report January 09 2019

Sixty-seven vessels carrying 9.53 million mt of iron ore are expected to arrive at major Chinese ports in the week ended January 10, down 270,000 mt from the week ended January 3, SMM data showed. For the same week, iron ore shipments departing Australian ports are expected to decrease by 980,000 mt to 14.35 million mt, while those leaving Brazilian ports are likely to down by 200,000 mt to 7.7 million mt. The centralized maintenance on ports from Australia and Brazil resulted in descending shipments.

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Source: Metals Market Index (MMi)

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