Iron Exports From Port Hedland to China Increase in February

Reuters reported that exports of iron ore from Australia’s Port Hedland to China rose 0.3 percent in February from the previous month despite having fewer shipping days.

As quoted in the market news:

Shipments to China from Port Hedland, which handles about a fifth of the world’s seaborne trade in iron ore, increased marginally month-on-month to 30.25 million, from 30.15 million, according to Pilbara Ports Authority.

With February having only 28 days, tonnes shipped per day rose to 1.08 million from 0.97 million in January.

Click here to read the full Reuters report.