Port Hedland shipments plunge

Tuesday 7 March 2017

Port Hedland February statistics are out and it was indeed a poor month as Macquarie recently noted. Total shipments were down -3% year over year and back to 2013 levels:

As annualised output, this is a fall of over 100mt from December. Korea (Roy Hill’s major customer) also fell away:

China market share has thoroughly plateaued:

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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.