mysteel are showing that for W/e 24/03/2024, (SMM were w/e 22/03/2024):
“Brazilian iron ore shipped to global destinations dropped by a significant 1.5 million tonnes or 23.1% on week to reach 4.9 million tonnes after the previous week's gain. And the volume sent from Vale fell by 778,000 tonnes or 17.2% on week to 3.8 million tonnes”
good to see FMG shipments really do well in the last three weeks also.
https://m.mysteel.net/market-insights/5051189-weekly-aust-brazilian-iron-ore-shipments-rise-9-wow
The total volume of iron ore shipments dispatched to global destinations from the 19 ports and 16 mining companies in Australia and Brazil under Mysteel's regular tracking ended a two-week slide and rebounded by 2 million tonnes or 8.9% on week to 24.1 million tonnes over March 18-24, thanks to the upsurge in the shipping volume from Australia.
During the latest survey period, Australian iron ore shipped worldwide from the country's 10 ports reversed from the previous week's slump and increased by a large 3.5 million tonnes or 22% on week to 19.1 million tonnes.
Of that, the volume sent to the country's largest iron ore consumer China rose to 16.3 million tonnes, gaining 2.4 million tonnes or 16.8% on week.
As for the top three iron ore miners in Australia, both Rio Tinto and Fortescue Metals Group (FMG) ramped up their iron ore shipments to China last week, Mysteel's survey showed.
Specifically, Rio Tinto's volume jumped 1.4 million tonnes or 35.5% on week to reach 5.4 million tonnes after a sharp decline in the prior week, while FMG's tonnage rose for the fourth straight week by another 411,000 tonnes or 10.7% on week to 4.3 million tonnes.
In contrast, shipments from BHP retreated after the prior week's rise and lost 504,000 tonnes or 10.9% on week to 4.1 million tonnes during the survey week.
On the other hand, Brazilian iron ore shipped to global destinations dropped by a significant 1.5 million tonnes or 23.1% on week to reach 4.9 million tonnes after the previous week's gain. And the volume sent from Vale fell by 778,000 tonnes or 17.2% on week to 3.8 million tonnes
mysteel are showing that for W/e 24/03/2024, (SMM were w/e...
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Last
$25.66 |
Change
0.090(0.35%) |
Mkt cap ! $79.00B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $77.37M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11417 | $25.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.70 | 2000 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$25.72 |
Change
0.090 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 785342 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |