Iron Ore still demand still strong - Port Hedland Iron Ore Exports for Dec'11
The Port Hedland Port Authority has released the cargo stats for the month of December 2011.
The key details for iron ore are:
· Total exports were a record 21.4mt, up 23% YoY and 8% MoM.
· Volumes to China were up 30% YoY to 16.6mt – bettering the old record of 15.1mt (Sept’11).
· Shipments to second most important market Japan, rose 29% YoY to 2.1mt.
Comment
China appears to be absorbing all the iron ore Port Hedland can handle!
That’s in stark contrast to the media’s reporting of gloom all over the world!
Iron Ore still demand still strong - Port Hedland Iron Ore...
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