Iron ore export volumes unlikely to increase in 2021, keeping prices bullish: Platts Analytics

摘要

Iron ore exports from Australia and Brazil are always lower in the January-March quarter due to weather factors, but they were particularly weak in 2021 -- and that tepid performance was compounded by a further decline in April. Australia's Fortescue Metals Group shipped the same volume in calendar Q1 as it did a year ago, while BHP's exports were the weakest for two years and Rio Tinto's were the lowest in a year. Brazilian Vale's iron ore and pellet exports fell 25 million mt in calendar Q1 from the December quarter due to operational issues and maintenance at its S11D mine, according to company reports.