Australia Iron Ore Export Shipments Down Slightly in Nov'18
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Australia - world's largest iron ore exporter has recorded slight decline in export shipments for the month of Nov'18.
According to the vessel line up data maintained with SteelMint, Australia's iron ore export shipments recorded at 67.30 MnT in Nov'18, as compared to 67.80 MnT in Oct'18.
On yearly basis, the Nov'18 exports recorded decline of 5% against 70.75 MnT in Nov'17.
In CY'18 (Jan-Oct'18) Australia's iron ore export shipments witnessed marginal rise to 775.47 MnT compared to 761.79 MnT in the same period last year.
Average global iron ore fines prices stable on monthly basis
Monthly average global iron ore fines (Fe 62%) prices in Nov'18 recorded at USD 73/MT, CFR China, stable on monthly basis.
Australian exports to India Up significantly in Nov'18
China marked the largest importer of Australian iron ore at 54.39 MnT, contributing 81% of total Australian exports for the month, down slightly against 54.94 MnT a month before.
Japan stood the second largest importer at 4.82 MnT (down 11% M-o-M), followed by Korea at 4.77 MnT.
India witnessed rise to more than two folds in imports at 0.77 MnT in Nov'18, against 0.28 MnT in Oct'18. JSW Steel stood the largest importer from Australia at 0.57 MnT iron ore, up three folds against 0.19 MnT in Oct'18.
Country-wise Iron Ore Exports
| Country | Nov'18 | Oct'18 | M-o-M (%) |
| China | 54.39 | 54.94 | -1% |
| Japan | 4.82 | 5.45 | -11% |
| Korea | 4.77 | 4.73 | 1% |
| Taiwan | 1.66 | 1.19 | 40% |
| India | 0.77 | 0.28 | 174% |
| Vietnam | 0.34 | 0.33 | 2% |
| Malaysia | 0.19 | 0.51 | -63% |
| Others | 0.35 | 0.37 | -4% |
| Grand Total | 67.30 | 67.80 | -1% |
Qty in MnT
Source: SteelMint Stats and GAC Shipping,
Provisional Data
Port Headland iron ore export down 11% in Oct'18
In Nov'18, port Headland marked largest exporter at 40.27 MnT, up 3% on monthly basis against 39.11 MnT in Oct'18, followed by Walcott at 14.95 MnT (down 5% M-o-M) and Dampier at 10.99 MnT (down 9% on monthly basis).
World's third largest iron ore miner- BHP witnessed increased number of vessels at anchorage due to berthing delay amidst derailment at port Hedland - Newman railway line. Towards, the beginning of Nov'18 BHP iron ore train pulling 268 wagons, travelling from Newman to port Hedland suffered derailment, 120 km south of port Hedland in Western Australia's Pilbara. The incident led to temporary suspension of rail service at Port Hedland by the miner, resulting in berthing delay. This consequently led to fall in material availability at the port, insufficient to meet export contracts by the miner.
Port-wise Iron Ore Export
| Port | Nov'18 | Oct'18 | M-o-M (%) |
| Hedland | 40.27 | 39.11 | 3% |
| Walcott | 14.95 | 15.67 | -5% |
| Dampier | 10.99 | 12.06 | -9% |
| Geraldton | 1.08 | 0.96 | 13% |
| Grand Total | 67.30 | 67.80 | -1% |
Qty in MnT
Source: SteelMint Stats and GAC Shipping,
Provisional Data
