Port Hedland exports rebound
Port Hedland exports rebounded to 37.118 Mt in December 2014 following a decline in November.
Some 85.4 percent of that cargo was shipped to China and Taiwan with tonnage shipped to those countries increasing to 31.68 Mt (December 2013: 24.58 Mt).
Despite the rebound in the month, the quarterly volume of exports was marginally lower in Q4 2014 than in the preceding quarter at a shade over 109 Mt.
Over the calendar year exports from Port Hedland of iron ore totalled 413.7 million tonnes, a 30 percent increase on the 2013 figure.
The iron ore price was smashed during 2014 - largely due to the great increase in supply - and this was only to a limited extent offset by a decline in the Australian dollar.
Bloomberg, however, reports that stockpiles have now fallen to an 11 month low - this combined with accelerated infrastructure spending in China may provide a (short term) boost to prices.