Port Hedland iron ore deluge rolls on

Monday 5 May 2014

Port Hedland released its April shipping figures over the weekend and it is no surprise top see volumes powering on with total shipments at a record of 34.9 million tonnes, up 1.1% from March and 35% year on year and China’s share also hit a record high of 28.9 million tonnes:

However, in percentage terms China’s share has flat lined in the past year:

Clearly FMG, its juniors, and BHP are shipping for all they are worth!

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.