Australia Iron Ore Export Shipments Down 7% in July’19
Australia - world's largest iron ore exporter has recorded fall in iron ore shipment in July’19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 71.03 MnT in July'19, down 7% as compared to 76.31 MnT in June’19.
The exports fell amid rising inventory at major Chinese ports. As per data compiled by SteelHome consultancy, Iron ore inventory at major Chinese ports picked up to 119.25 MnT towards July’19 end as against 115.25 MnT towards June’19 end. The inventory picked up against recording around 2 years low levels in June’19.
For CY’19 (Jan-July), the total Australian iron ore exports recorded declined by 3% to 481.43 MnT as against 498.15 MnT for same period CY18 (Jan-July’18). The exports dropped amid hindrance in exports caused due to tropical cyclone in Australia in Mar'19. As a consequence, major Australian miners reduced their shipments for the year.
Australian exports to China down 8% in July19
China marked the largest importer of Australian iron ore in July'19 at 57.75 MnT, down against 62.61 MnT in June’19. Japan stood second largest importer for the month at 6.03 MnT followed by Korea at 4.85 MnT. Australian exports to India recorded nil for the fourth consecutive month.
Country-wise Iron Ore Exports
source: SteelMint
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
