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    Port Hedland iron ore exports surge 24.5% in March buoyed by China demand

    Iron ore exports from Port Hedland jumped over 24.5% month-on-month in March 2021, led by a 24% increase in Chinese sales from 30.73 million tonnes in February 2021 to 38.15 million tonnes in March 2021.

    According to the latest data on Cargo Stats by Destinations from Port of Port Hedland, China accounted for 81.73% of Australia’s total Iron Ore exports of 46.67 million tonnes for the month of March 2021.

    After China, the next highest-volume destinations for Port Hedland iron ore were South Korea at 9.34%, followed by Japan at 5.71%.

    Port Hedland Export Data – March 2021. Data source: Pilbara Ports Authority

    China data

    China imported 38.15 million tonnes of Iron Ore in March 2021 from Port of Port Hedland, which is a 5.65% drop Year-over-Year compared to the 40.43 million tonnes in March 2020, and a 25% increase compared to February 2021 data of 30.73 million tonnes.

    Republic of Korea

    With an import of 43.63 million tonnes of Iron Ore in March 2021 from Port of Port Hedland, the Republic of Korea’s share of imports had a significant upside of 89.89% compared to 22.97 million tonnes in March 2020 and a 43.48% jump compared to February 2021’s 30.41 million tonnes.

    Japan

    The Japanese import of Iron Ore for March 2021 from Port of Port Hedland surged by nearly 21% to 26.67 million tonnes compared to February 2021 data of 22.04 million tonnes. The country’s total imports for March 2021 moved higher by 6% Year Over Year, compared to 25.15 million in March 2020.

    Indonesia

    From Port of Port Hedland, the Iron Ore imports by Indonesia for March 2021 stood at 0.341 million tonnes, translating to 0.73% of the 46.67 million tonnes for the month. This is a nearly 34% decline compared to February 2021 data of 0.517 million tonnes and a 37.44% drop year-over-year compared to March 2020 data of 0.546 million tonnes.

    Taiwan

    Taiwan, Province of China, imported 0.802 million tonnes of Iron Ore from Port of Port Hedland in March 2021, accounting for 1.71% of 46.67 million tonnes for the month. This translates to a 0.64% surge YoY compared to March 2020 data of 0.797 million tonnes and a massive 169% surge compared to February 2021 data of 0.298 million tonnes.

    Other countries

    Viet Nam’s share of Iron Ore imports from Port of Port Hedland stood at 0.352 million tonnes, which is a significant drop of 49.57% compared to February 2021 data of 0.697 million tonnes. Viet Nam did not have any Iron Ore imports from Port of Port Hedland in March 2020.

    Jonathan Norris
    Jonathan is a founder of Mining.com.au and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.

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    • Delayed Prices (USD) - Last Updated 20-09-2021
    • Gold $1,753.80
    • Silver $22.36
    • Platinum $934.00
    • Palladium $1,950.00
    • Dalian Iron Ore i2201 $97.28
    • Aluminium $2,885.50
    • Cobalt $53,380.00
    • Copper $9,312.00
    • Lead $2,181.00
    • Nickel $19,358.00
    • Tin $34,140.00
    • Zinc $3,088.00