Port Hedland, the world’s largest bulk mineral port, has reported an increase of 2 tonnes in iron ore shipments to China from August to September, representing a rise of 2.8 per cent, according to a port data report.
The Western Australian port set a record high of over 44 million tonnes in May this year, but figures fell heavily two months later in July to around 37.9 million tonnes, its lowest figure since February.
China represents the biggest export market for iron ore by far, with September shipments to the Asian country accounting for 36.7 million of an overall 43.4 million tonnes, or around 84 per cent of iron exports for September 2017 – an increase of 0.9 per cent over August figures.
Port Hedland is a major exporter for several of Australia’s iron ore producers, shipping materials for BHP and Fortescue Metals Group, and its increased shipments are indicative of a rising global demand for metals.
Exports to China have continually increased over time — September’s figures represent a near 85 per cent increase over April 2013 figures, a month that saw record iron exports for the port at the time.