SMM knowledge confirmed {that a} whole of 67 ships arrived at main ports in China from March 28 to April 3, carrying 10.45 million mt of iron ore, up 730,000 mt on a weekly foundation, however down 840,000 mt from a yr in the past. In the identical interval, shipments from Australia had been 17.2 million mt, down 870,000 mt week-on-week and 1.64 million mt YoY; shipments from Brazil had been 4.86 million mt, down 1.47 million mt week-on-week and 1.09 million mt YoY.
The pandemic scenario in Tangshan has eased, and it’s anticipated that the lockdown in the complete area can be lifted subsequent week, which can enhance iron ore demand after shipments had been hindered by pandemic controls. Nonetheless, contemplating the aggravation of the pandemic in east China, the demand for iron ore might present regional variations.
Supply: SMM
