Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Monday, 6 February 2017

Port Hedland bonanza continues in January

Port Hedland iron ore exports were down a little for the month of January following the records shattered in December, in part due to adverse weather over the unpredictable summer season. 

Nevertheless, there has never been a January like it, with both throughput and export volumes shipped up by a massive 19 per cent year-on-year.

The Port of Port Hedland achieved monthly throughput of 40.5Mt with iron ore exports for the month totalling 40.2Mt.
Total throughput for Pilbara Ports was 52.3 million tonnes in January, a 12 per cent increase from 2016.
Huge numbers! Though China's port stocks are now looking a bit fullish...