🚀 ProPicks AI Hits +34.9% Return!Read Now

CORRECTED-Australia's Port Hedland iron ore shipments to China jump 16% in December

Published 08/01/2021, 07:10 pm
Updated 08/01/2021, 07:30 pm
© Reuters.
BHP
-
FMG
-

(Corrects figure in headline, lede, adds figures for China exports)

MELBOURNE, Jan 8 (Reuters) - Iron ore shipments to China from Australia's Port Hedland rose by 16% in December from a month earlier, despite a short weather related shutdown, the Pilbara Ports Authority said on Friday.

Iron ore exports to China rose to 40.0 million tonnes from 34.44 million tonnes in November, data from the authority showed.

Total iron ore exports from Port Hedland rose to 46.5 million tonnes from 41.61 million tonnes in November.

Strong shipments from the world's largest iron ore export hub came even as the port of Port Hedland was closed for 26 hours from 10 December to due to significant swells generated by a tropical low, the authority said.

Prices for iron ore SH-CCN-IRNOR62 hit a record high at $175 a tonne in December, extending a rally powered by a bullish demand outlook for 2021 and growing concerns about supply. Hedland is used by three of Australia's top four iron ore miners: BHP Group BHP.AX , Fortescue Metals Group FMG.AX and Gina Rinehart's Roy Hill.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.