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Australian iron ore shipments to China up 5pct in December

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Exports of iron ore to China via the Port Hedland terminal rose 5% in December from November, underscoring in part a subdued start to the Australian cyclone season.

According to Pilbara Ports Authority, December shipments to China from Port Hedland, which handles about a 5th of the world’s seaborne trade, increased by 1.57 million tonnes MoM to 30.6 million

The increase, in the face of depressed spot iron ore prices linked to a global supply glut and slowing Chinese demand growth, swept total December exports via the port to 37.8 million tonne, an increase of 7.8 million tonne, or 26% rise versus the same month in 2013.

Source – Reuters

Zhejiang Yaang Pipe Industry Co., Limited

Article Categories:
Metals · Raw materials

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