‘Wishful thinking’: Why China needs Australian iron ore for ‘many years’ to come

A “wintry period”. That’s what’s expected to happen to Australia’s economy “when” China stops or reduces its imports of Australia’s iron ore, according to Chen Hong, the director of the Australian Studies Centre at East China Normal University. Despite the frosty relationship between China and Australia that has led to trade restrictions imposed on several …

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https://www.hellenicshippingnews.com/wishful-thinking-why-china-needs-australian-iron-ore-for-many-years-to-come/

Iron ore exports from majors rise 8%, but some in catch-up mode: Platts Analytics

Iron ore exports from major producers improved in May, but most miners will need to lift run rates over the second half of 2021 to meet their sales guidance, according to analysis using S&P Global Platts’ tradeflow software, cFlow, by Platts Analytics. Shipments from Rio Tinto, BHP, Vale, Fortescue...

https://www.hellenicshippingnews.com/iron-ore-exports-from-majors-rise-8-but-some-in-catch-up-mode-platts-analytics/

Baltic index jumps over 7% on higher rates across vessel segments

The Baltic exchange’s main sea freight index jumped more than 7% on Thursday, propelled by strong gains across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, gained 188 points, or 7.6%, at 2,669. The capesize index...

https://www.hellenicshippingnews.com/baltic-index-jumps-over-7-on-higher-rates-across-vessel-segments/

High-grade iron ore supply to struggle to meet demand as China decarbonizes: MI

Strong iron ore prices have shown great resilience, with the sustainability of their rally attracting market attention. The S&P Global Platts 62% Fe index, IODEX, reached a record $233.1/dmt on May 12 driven by a resurgence in global demand, tightening supply and runaway steel prices. Although the...

https://www.hellenicshippingnews.com/high-grade-iron-ore-supply-to-struggle-to-meet-demand-as-china-decarbonizes-mi/

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