Australia: Iron Ore Exports Down 15% M-o-M in Jan19
Australia - world's largest iron ore exporter has recorded decline in export shipments in Jan19, according to the vessel line up data maintained with SteelMint.
Australia's iron ore export shipments recorded at 65.54 MnT in Jan19, as compared to 77.37 MnT in Dec18. On yearly basis, the exports dropped 6% as against 69.79 MnT in Jan18.
Average global iron ore fines prices up 10% in Jan’19
Monthly average global iron ore fines (Fe 62%) prices increased 10% to USD 76/MT, CFR China in Jan’19 compared to USD 69/MT, CFR China in Dec’18.
The Vale dam disaster led to hike in global iron ore prices towards end of Jan’19. The iron ore prices increased from USD 72/MT, CFR China in early Jan’19 to USD 85/MT, CFR China towards end of Jan’19.
Australian exports to China down 13% in Jan19
China marked the largest importer of Australian iron ore in Jan19 at 53.67 MnT, contributing 82% of total Australian exports for the year, down 13% against 61.77 MnT in Dec18. China is largest destination (contributing 80- 85%) of Australian iron ore exports, hence, a change in Chinese market affects Australian exports. Amidst liberal winter production cuts in China this year led to decline in high grade ore (from Australia) demand by Chinese mills.
Japan stood the second largest importer at 5.16 MnT (down 33% M-o-M), followed by Korea at 4.3 MnT.
Port Headland iron ore export down 9% in Jan19
In Jan19, port Headland marked largest exporter at 41.54 MnT, down 9% against 45.53 MnT in Dec’18, followed by Walcott at 12.76 MnT (down 30% M-o-M) and Dampier at 9.79 MnT (down 23% on monthly basis).
source: SteelMint
Top News
Five last month
Two last year
Glencore posts lower metals output for first nine months, reiterates outlook
Mercuria eyes equity in African assets, new metals boss says
Gold price surge adds glitter to tarnished miners
Traders see gold as a surefire bet as coin-toss election looms
Gold price shows little reaction to jobs data
Anglo American sells Australian coal JV stake for $1.1 billion
Environmentalists sue over US approval of ioneer’s Nevada lithium mine
Euro Sun, Glencore enter MOU for offtake on Rovina Valley project
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years