SMM has estimated that 91 vessels carrying 13.88 million t of iron ore arrived at major Chinese ports during 29 December - 4 January, up 2.19 million t from the week ending 28 December.
This marked a rebound after two consecutive weeks of decline. Ports in China’s top steelmaking city Tangshan saw arrivals slightly higher in the week, while major ports in Shandong reported an even greater increase in arrivals.
Meanwhile, iron ore deliveries leaving Australian ports continued to fall, decreasing by 260 000 t from the prior week to 13.39 million t. Shipments that departed Brazilian ports were also estimated to shrink by 100 000 mt to 5.28 million t.
Read the article online at: https://www.drybulkmagazine.com/ports-terminals/08012020/iron-ore-arrivals-rise-at-chinese-ports/