Iron Ore News

 

China Goes from Driver to Brake for Crude Oil, Iron Ore and Copper

Aug 09, 2021

China has switched from driving global demand for major commodities to being a drag on growth, with July's customs data confirming the weakening trend for imports of crude oil, iron ore and copper.The exception to the trend was coal, but the sharp gain in July's imports of the polluting fuel are more a result of China having to go the seaborne market because of domestic policies that curbed local output…

Study Highlights Ammonia Bunkering Potential of Australia’s Pilbara

Nov 06, 2023

A feasibility study has highlighted the potential for using clean ammonia to refuel ships, particularly iron ore carriers, visiting the Pilbara region of Western Australia.The study, commissioned by Yara Clean Ammonia (Yara) and Pilbara Ports…

China Demand Drives 7% Jump in Minor Ore Exports

Aug 17, 2023

“Driven by continued growth in minor ore demand in China, global seaborne minor ore exports rose 7% y/y in the first seven months of 2023, vastly outpacing the 2% y/y growth in overall dry bulk exports,” says Filipe Gouveia, Shipping Analyst at BIMCO…

Study: Ammonia-Fueled Bulk Carriers Could Ship Australian Iron Ore by 2028

May 15, 2023

A new study from the West Australia – East Asia Iron Ore Green Corridor Consortium finds that ships powered by clean ammonia could be deployed on the iron ore trade routes between West Australia and East Asia by 2028 and reach 5% adoption by 2030…

Australia's Exports to China Hit Record Highs

May 04, 2023

Australia's exports to China surged to record highs in March as the Asian giant sucked in more iron for its steel industry and lowered barriers to thermal coal shipments amid thawing diplomatic relations.Data out on Thursday showed exports of Australian goods to China hit A$19 billion ($12…

Rio Tinto Reports Record Q1 Pilbara Iron Ore Shipments

Apr 20, 2023

Rio Tinto reported on Thursday a better than expected 15.4% jump in first-quarter iron ore shipments from Western Australia, a record for the quarter, as it ramped up production at its Gudai-Darri mine.The world's biggest iron ore producer, however…

Australia's Port Hedland Being Cleared Ahead of Cyclone

Apr 11, 2023

Western Australia's iron ore hub, Port Hedland, is being cleared as a tropical cyclone approaches.The Pilbara Ports Authority issued a warning after the Bureau of Metrology advised that Tropical Low 23U is moving southwest from its current location…

Iron Ore Dips as China Demand Uncertain

Jan 31, 2023

Iron ore futures fell on Tuesday, with the Dalian benchmark price pulling back from the previous session's contract high, as traders assessed demand in top steel producer China while also keeping an eye on regulatory risks.The steelmaking ingredient…

Benchmark Dalian Iron Ore Futures Plunge

Feb 11, 2022

Chinese iron ore futures dived more than 8% late on Friday after the country's regulators and industry association issued warnings against recent unusual price moves of the key steelmaking ingredient.Earlier on Friday, the National Development and Reform Commission (NDRC)…

China Steel Hopes Drives Iron Ore Demand

Jan 07, 2022

Dalian iron ore rose on Friday and advanced nearly 6% this week as traders returned from New Year holidays feeling optimistic about potential demand recovery in top steel producer China.Iron ore's most-active May contract on China's Dalian Commodity Exchange ended daytime trading 1…

BIMCO: Iron Ore Spot Rates Spike 163%

Sep 29, 2021

As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners will likely be enjoying high freight rates until the end of the year.Iron ore spot freight rates from Western Australia…

Chinese Iron Ore Imports Fall to 14-month Low in July - BIMCO

Aug 19, 2021

Chinese iron ore imports fell to 88.5 million tons in July, the lowest level since May 2020. The fall in July means that accumulated imports are lower than in the first seven months of 2020. Imports this year have totaled 649 million, a 1.5% decline from January to July 2020…

Iron Ore Futures Fall as Chinese Demand Softens

Aug 05, 2021

Chinese iron ore futures fell below a key 1,000 yuan per tonne level on Thursday, falling more than 5% to their lowest in more than two months as domestic consumption remains sluggish on steel production controls.The most active iron ore futures on the Dalian Commodity Exchange…

Dalian Iron Ore Futures Jump on Strong Demand Hopes

Aug 03, 2021

Benchmark iron ore futures in China rose more than 3% on Tuesday, after five straight sessions of declines fuelled by speculations of a relaxation in steel output controls.'Affected by the notice of rectifying campaign-style carbon reduction efforts…

Chinese Regulators Eye Irregularities in Spot Iron Ore Trading

Jun 21, 2021

China's state planner, the National Development and Reform Commission (NDRC), said on Monday it and the market regulator are jointly looking into the iron ore spot market and have pledged to crack down on hoarding and speculation.The move comes…

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Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

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Xeneta: US Importers Caught in a Vicious Circle

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