[miningmx.com] – SHIPMENTS of iron ore to China in December were 29% higher month-on-month as the price for the mineral slumped and some local mines were shuttered over the winter month, said Bloomberg News.
Iron ore exports totalled 86.85 million tonnes in December compared to 67.4mt in November and 73.4mt a year earlier, said Bloomberg News which cited data it had compiled which dates back to 1990.
“This is a good result and can partly be explained by seasonal restocking demand,’ Australia & New Zealand Banking Group said in an e-mailed report.
The increase in imports, together with the decline in port stockpiles, suggests that underlying demand has improved, according to the bank.
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