05/11/2013 07:51:00

Port Hedland October Iron-Ore Exports Flat, but China Cargoes Keep Rising

Related content
27 Mar - 
Report: Exploring Fundamental Drivers Behind Cheetah Mo..

By Rhiannon Hoyle

SYDNEY--Iron-ore exports from northwestern Australia's Port Hedland were almost unchanged in October, with a jump in shipments to China offsetting lower deliveries to big importers like Japan and South Korea.

During October, 28.9 million metric tons of the bulk commodity used in steel-making were shipped, down 0.1% on September volumes, data from Port Hedland Port Authority showed Tuesday.

Mining companies like BHP Billiton Ltd. (BHP), Fortescue Metals Group Ltd. (FMG.AU) and Atlas Iron Ltd. (AGO.AU) use Port Hedland, making it one of the world's largest iron-ore export terminals.

Exports to China, the world's biggest importer of iron-ore by volume, rose 10% during the month to 25.2 million tons.

Earlier this month, BHP raised its outlook for full-year iron-ore production as it reported record output from the expanding Pilbara mining hub in northwest Australia.

Miners have faced volatile commodity prices over the past 18 months as China's economy slowed, raising concerns that demand for the commodity will ease. However, China's imports have proved surprisingly resilient--in September these hit a record 74.6 million tons, up 15% on year.

China's steel output in September was 11% higher than year-earlier levels, and January-September production was up 8% on-year

Port Hedland exports to other major buyers were weaker in October versus September, with shipments to Japan down 28% at 1.6 million tons and exports to South Korea halved.

Iron-ore traffic through Port Hedland has risen sharply in recent years as BHP and companies like Fortescue have raised output at Pilbara.

Compared with year-earlier volumes, exports via the port in October were up 33%, with shipments destined for China 43% higher.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

November 05, 2013 02:51 ET (07:51 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

21/02/2018 15:25:10
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Vivial and Neighbor Island Schools Launch 10th Annual Recycling Drive and Environmental Awareness Campaign
2
Belly Fat Tea For Dieters Looking For a Skinny Tea For Weight Loss Just Released The Red Tea Detox By Liz Swann Miller
3
Suboxone Strips: The Easiest Practice in Opioid Addiction Treatment Available On The Market
4
Brian Flatt's New 3 Week Diet Is a Proven Weight Loss Program To Lose Weight Fast
5
Larson Electronics LLC Releases Explosion Proof 2-Pole 30 Amp Circuit Breaker

Related stock quotes

BHP Billiton PLC ORD $0... 1,534.40 0.9% Stock price increasing
BHP Billiton Limited 47.70 -0.1% Stock price decreasing

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2018   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
23 April 2018 00:42:24
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: ReleaseBuild_20180417.1 - EUROWEB1 - 2018-04-23 01:42:24 - 2018-04-23 00:42:24 - 1000 - Website: OKAY