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Australia's iron ore exports in August rose against the previous month and a year earlier as Western Australia's (WA) Port Hedland increased shipments.
Australia exported 76.7mn t of iron ore in August, up by 4.9pc from the revised 73.1mn t in July and up by 4.6pc from a year earlier, according to data from the Australian Bureau of Statistics (ABS) supplied through GTT.
Port Hedland shipped 47.8mn t in August, up from 43.74mn t in July and 45.8mn t in August 2022, according to Pilbara Ports Authority data.
Iron ore shipments from Australia rose to 589.9mn t during January-August, up by 2.6pc from a year earlier.
Australia's shipments to China in August increased by 4.8pc from the previous month and by 5.1pc against a year earlier to 64.3mn t. January-August deliveries rose by 3.6pc on the back of lower shipments to other markets. Exports to China accounted for 84.5pc of Australia's total iron ore exports during January-August, up by nearly 1pc from a year earlier.
The Argus ICX iron ore index was at $119.05/dmt cfr Qingdao on a 62pc Fe basis on 4 October, up from $117.50/dmt on 31 August. Argus assessed 58pc Fe at $108.50/dmt on 4 October, up from $103.70/dmt on 31 August. (argusmedia.com)
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