08.09.2016 - Australian Iron Exports Climb to Record as China Prices Drop
Iron ore shipments from the world’s largest bulk-export terminal in Australia swelled to a record, offering fresh evidence of strong supply and underpinning forecasts of lower prices through the year-end. Futures in China slumped to the lowest in more than two months. Exports from Port Hedland totaled 42.9 million metric tons in August from 38.7 million in July and 39.2 million a year earlier, data from the Pilbara Ports Authority showed Wednesday. Cargoes to China were 35.4 million tons, also an all-time high, from 32.5 million in July and 33.9 million in August 2015...............................................Full Article: Source
Print