Factors driving seaborne trade. Higher imports by China: China increased its imports of iron ore by nearly 7% in CY'23 as the country's crude steel production edged up by 1.2-1.3% despite …
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Figure 3.4 International trade in iron ore (2016) Source: Author, including using information from World Steel Association (2017, pp. 104-106). ports of Rotterdam, Amsterdam-IJmuiden, Hamburg and Dunkirk (in France) are major gateways for iron ore imports into the continent. Seaborne trade in coal: 1.1 billion tons (11.1%)
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Published date: 12 July 2024 Seaborne iron ore prices fluctuated on 12 July, and trade slowed. The Argus ICX 62pc index rose by 25¢/dry metric tonne (dmt) to $108/dmt cfr Qingdao. The 65pc index rose by 10¢/dmt to $124.50/dmt. Seaborne. The seaborne iron ore market quietened on 12 July after a flurry of activity on 11 July, with just one deal on the platforms.
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South Africa's seaborne iron ore exports in the 12 months of 2020 declined by -3.2% y-o-y to 54.9 mln tonnes. This was not necessarily due to Covid issues, but actually part of a longer negative ...
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However, in the coming years, Chinese demand for and dependency on iron ore imports could decline. The second largest importer of iron ore is Japan with 99 million mt. Together, the five …
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Iron ore, the biggest single commodity import movement into China, increased by 8% compared with the first six months of last year to 576mt. Coal imports almost doubled to …
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According to Clarksons, Chinese seaborne iron ore imports are at 702m tonnes from January to July, compared to 2023's overall total of 1.16bn tonnes. Coal and soy jump
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Iron ore headed for its deepest annual loss since 2015 after China's property crisis hurt demand and miners boosted cargoes, with prices failing to get a lift from data showing …
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Key stakeholders in Asian iron ore markets witnessed shifts in sintering feedstock preferences as the focal point revolved around margins, with seaborne prices expected to find firmer grips through th
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China is the world's largest importer of iron ore pellets, accounting for 23% of the total seaborne pellet trade between CY2016 and CY2020. On the other hand, Brazil is the largest exporter, accounting for 25% of total pellet exports during this period. Chinese pellet imports surged
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Chinese steel demand is the main source of uncertainty for iron ore prices, as it's the world's largest consumer of iron ore, accounting for about 70% of traded iron ore demand.
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Seaborne iron ore prices surged in the July-September quarter on the back of strong Chinese crude steel production and tight supply of iron ore fines. However, the market eased from early September due to weaker finished steel prices, squeezing steel margins and indicating the price range could be lower in the fourth quarter.
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According to Clarksons, Chinese seaborne iron ore imports are at 702m tonnes from January to July, compared to 2023's overall total of 1.16bn tonnes. Coal and soy jump.
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Brazilian mining giant Vale SA started regular yuan-denominated spot trading in 2017. Rio Tinto, the world's second-largest iron ore miner, started iron ore spot trading through Chinese ports in 2019.
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Chinese seaborne iron ore imports have also made a firm start to 2024: they were up 4% year on year to 305m tonnes, the strongest first quarter on record.
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China depends on seaborne iron ore trade for up to 80% of its supply. Clearly, China is very dependent on Australia, Brazil, and India for its steel production. The import share seems to have topped out at around 80% as China hit Peak Steel. The assumption has been that the iron ore price would collapse, but the domestic industry will likely ...
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Global seaborne trade in iron ore is on a downward trend due to lower iron ore imports from China. Shipbroker Banchero Costa said in its latest weekly report: "Global iron ore shipments for the full year of 2021 rose 0.7% year-on-year to 1,555.3 million tonnes, according to Refinitiv ship tracking data.
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Turning to iron ore exports and imports, the tonnages are summarized in Table 1.1 for 2012 and 2018 (Australian Department of Industry, Science, Energy and Resources, 2021; US Geological Survey, 2020; United National Conference on Trade and Development (UNCTAD), 2021).As shown in Fig. 1.3, China is the largest iron ore importing country and imported about …
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In 2021, Qingdao Port overtook Caofeidian Port to become the largest seaport in China handling the most iron ore imports, at 110.5 million metric tons.
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China increases imports as steel output edges up; India's exports of iron ore, pellets up sharply; Brazil raises exports by around 10% y-o-y; Morning Brief: Global iron ore trade volumes inched up by around 5% on the year to 1.59 billion tonnes (bnt) in CY'23 from 1.52 bnt recorded in CY'22. The increase was wholly due to the marginal rise in Chinese crude steel production in CY'23 …
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Higher imports by China: China increased its imports of iron ore by nearly 7% in CY'23 as the country's crude steel production edged up by 1.2-1.3% despite falling sharply in December. China's domestic iron ore production fell …
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A growing number of overseas mines are carrying out yuan settlement for spot trades at Chinese ports, which is not only helpful for the wider application of the yuan in commodity settlement but also illustrates the …
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The Iron Ore China Portside Fines USD Seaborne Equivalent (Argus) futures (product code PAU) contract is a new futures product offered by COMEX. This financially settled contract is based on the Argus PCX Seaborne Equivalent Index and is ... contracts to lock in sales prices for landed cargoes and trade the spread between seaborne and portside ...
WhatsApp: +86 18221755073Just as Chinese iron ore demand falls, supply is set to significantly increase. ... (DR-grade) iron ore, which currently makes up only about 5% of the global seaborne iron ore market. Both Vale and Anglo American – which both produce iron ore of a higher grade than the great majority of Australian production ...
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Chinese officials have openly stressed the importance of an owned fleet to enhance their country's independence and trade policy clout. ... China's seaborne iron ore and coal imports are ...
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Seaborne iron ore prices fluctuated on 12 July, and trade slowed. The Argus ICX 62pc index rose by 25¢/dry metric tonne (dmt) to $108/dmt cfr Qingdao. The 65pc index rose …
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Imports of iron ore are up 7% on the back of robust steel output and improved seaborne supply. Shipments of coal into the country have risen 76%, albeit from a low base, and crude oil is up 17% ...
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In Jan-Dec 2022, China accounted for 71.3% of global seaborne iron ore imports, with Japan in second place at just 6.0% and the EU in third place with a 5.4% share".
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According to Clarksons, China's seaborne iron ore imports in 2023 totalled 1.16bn tonnes and look set to increase year on year in 2024, with volumes until May at almost half …
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Title: Iron Ore Shipping Review; Author: Hamid Farani Sani; Year: 2021; Word-Count: 2000; Pages: 24; Keywords: Shipping, Commodity Trade, Iron Ore, Capesize, China ...
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