Tag: Global iron ore export shipments
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Global iron ore shipments hit 3-week low amid weak freight fundamentals, outlook uncertain
Brazil and India pullbacks outweigh resilient Australian exports Weak post-holiday freights pressure long-haul shipments Global seaborne iron ore exports declined 12.6% w-o-w to 29.5 million tonnes (mnt) in the week ended 9 January, down from 33.7 mnt in week 01 (27 December-02 January), according to BigMint’s vessel line-up data. The decline marked a clear post-holiday…