Australia’s Port Hedland Iron Ore Exports Up by 4% in May’16

World’s largest bulk export terminal, Western Australia’s Port Hedland exported around 39.4 MnT iron ore in May’16.

The volume of exports from Port Hedland increases by 4.7% M-o-M as compared to Apr’16 as it was 37.6 MnT. However, on the Y-o-Y basis, exports rose by 3.6% in May’16 as it was 38 MnT in the same consecutive month last year.

Strong iron ore exports from Australia will be seen until June, as Australia will increase its iron ore supply because of its financial year ending on 30 Jun’16.

In May’16, Port Hedland shipped around 80% share (31.6 MnT) iron ore to China.However, exports to China decreased by 3% M-o-M as it was 32.6 MnT in Apr’16. Exports on Y-o-Y basis largely remained unchanged at 31.6 MnT.

BHP Billiton and FMG (Fortescue Metals Group) exports iron ore mainly from Australia’s Port Hedland.