Iron ore price, page-11190

The all important shipping data, how much did FMG / Vale ship this week?

Week 12 (16/3/2019 - 22/3/2019):
- Australia Total IO Export Week 12: 16.291MT up 0.718MT or 4.61% from week 11. Compare to 2018 week 12, up 4.86MT or 45.52%
- Australia Total IO Export Week 1-12: 18.3735MT up 1.05% from same time last year
- Australia Total IO Export to China Week 1-12: 153.986MT down 0.47% from same time last year
- Brazil Total IO Export Week 12: 5.725MT up 1.319MT or 29.93% from week 11, Compare to 2018 week 12, up 1.229MT or 27.3%*
- Brazil Total IO Export Week 1-12: 79.517MT up 9.6% from same time last year

- FMG total IO shipment globally, first 12 weeks:
- 2019/1: 3.548MT
- 2019/2: 2.119MT
- 2019/3: 3.682MT
- 2019/4: 2.844MT
- 2019/5: 3.804MT
- 2019/6: 2.959MT
- 2019/7: 3.66MT
- 2019/8: 3.198MT
- 2019/9: 3.605MT
- 2019/10: 3.511MT
- 2019/11: 3.309MT
- 2019/12: 3.484MT
Total: 39.723MT (Estimate)

FMG IO Export up 0.175MT to China from last week. First 12 weeks at shipment rate of 172.133MT per year.

FMG BF Shipment: 0.803MT, down 0.526MT from last week or -52.6%.
FMG SSF Shipment: 1.786MT up 0.65MT from last week or +65%.

That shows how popular FMG's IO are ATM, supplies is increased, but FMG IO inventories at ports have decreased this week.

Let's look at Brazil, and see how Vale is traveling at the moment:
- Vale shipped 5.386MT in week 12, up 1.65MT from last week
- CSN shipped 0.339MT in week 12, down 0.332MT from last week

Here is Vale's IO Shipment so far this year (Year/Week):
2019/1: 7.834MT
2019/2: 5.965MT
2019/3: 6.261MT
2019/4: 6.783MT
2019/5: 7.64MT
2019/6: 6.103MT
2019/7: 5.844MT
2019/8: 6.207MT
2019/9: 6.982MT
2019/10: 5.201MT (revised down from last data: 5.381MT)*
2019/11: 3.736MT (revised down from last data: 4.324MT)*
2019/12: 5.386MT

*Week 10 and 11 data was updated and revised down, so it was worst than I posted last week.

So far this year Vale shipped estimate IO of 73.892MT or average of 6.158MT per week, at yearly rate of 320MT.

So this week, Vale's IO shipment is still way down from this year average. As expected, last 3 weeks has been their "weakest" this year, and to achieve 400MT this year, they will need to ship 8.153MT per week from now on.....well, very unlikely.

Next week we'll probably see the data effected by cyclone "Veronica"

DYOR
Frank