Iron ore Metals

Port Hedland iron ore exports declined to 37.9Mt in July

Australian top iron ore hub, Port Hedland, shipped 37.9m tonnes in July, down 12.1% m-o-m and down 2.2% y-o-y. Exports to China declined to 32m tonnes, down 12.5% m-o-m and down 1.5% y-o-y. Shipments to South Korea totalled 2.7m tonnes, down 23.9% m-o-m but still were 7.8% higher y-o-y. Exports to Japan totalled 1.8m tonnes, down 18.3% m-o-m and down 4.3% y-o-y. Exports to Taiwan declined to 320KT, down 59.2% m-o-ma nd down 45.2% y-o-y.

Despite the deep in July’s exports, Port Hedland’s exports increased to 282.4m tonnes over the Jan.-July period, up 53.6m tonnes or 23.4% y-o-y. Shipments to China increased to 237.7m tonnes, up 48.2m tonnes or 25.5% y-o-y. Exports to South Korea increased to 21.7m tonnes, up 4.5m tonnes or 26.1% y-o-y. Shipments to Japan increased to 13.1m tonnes, up 690KT or 5.6% y-o-y. Exports to Taiwan also increased during the period to 4.3m tonnes, up 460KT or 12.1% y-o-y.

Source: PPA


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