china demand for iron ore to rise in 3 world maritime news

Analysis

Ambitions from China to cap this year's production to a level similar to 2023 do not bode well for iron ore demand while supply appears ample, which will pressure …

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Review of Maritime Transport 2021

route increased from $2,672/TEU to $8,102/TEU. There was also a surge in rates from China to the Arab . region. Box 3.1 provides further information on the impact of COVID-19 on maritime freight in the Arab region. Box 3.1 Impact of COVID-19 on maritime freight rates in the Arab region

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U.S. Merchant Marine and World Maritime in Review

The World Steel Association estimates that the drop in Chinese domestic demand for steel in 2022 caused a 2.3 percent decline in worldwide demand for iron ore. Similarly, coal shipments to China declined 12.2 percent. The EU sanctions on Russian coal led to both parties finding alternate trading sources located farther away and lengthened the ...

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Iron ore outlook dims as China inventories, steel output fade

The price of iron ore has dropped for a sixth consecutive week as China's steel sector continues to struggle and port inventories of the raw material stop rising. ... It is also worth noting that ...

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Iron ore price set for second weekly gain on …

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 0.34% lower at 871 yuan ($120.30) a metric ton. It is, however, posed for a 5.3% rise ...

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Capesize Spot Rates Hesitant Despite 5% Rise in Demand

"During the first five months of 2023, demand for Capesize ships increased 5% y/y while supply increased 3% y/y. Nonetheless, spot rate increases remain hesitant, largely due to concerns over ...

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Iron ore slips, investors eye stimulus signal from key China …

One of the world's leading iron ore suppliers Rio Tinto RIO.AX, RIO.L reported a 3% rise in its second-quarter iron ore shipments from the previous three-month period thanks to improved weather ...

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Iron ore shipments up 3.8% despite weak Chinese demand

73.9% of the world's seaborne iron ore shipments are bound for China as the country relies greatly on ore imports to produce steel.

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Iron ore soars to over one-week high on upbeat seasonal demand …

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 3.97% higher at 707.0 yuan ($99.25) a metric ton.

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China's big move to cut off Australian iron ore | news…

It's remote. It's inaccessible. It's poor quality. But Beijing is determined to spend big on a Sahara Desert mine to "de-risk" itself from Australian iron ore.

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China's 2023 iron ore imports hit a record high on …

BEIJING :China's iron ore imports in 2023 hit a record high, up 6.6 per cent from a year before, customs data showed on Friday, thanks to stronger demand amid a lack of government-mandated...

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China 2020 iron ore imports hit record on robust post-virus demand

BEIJING, Jan 14 (Reuters) - China's iron ore imports hit a record high in 2020, jumping 9.5% from a year earlier as the country beefed up spending on infrastructure to spur an economic recovery ...

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Iron Ore Prices Rise on Chinese Stimulus Hopes, Lower …

Iron ore futures rose 1.69 percent on China's Dalian Commodity Exchange, driven by expectations of new stimulus and lower inventories. The Singapore Exchange saw a 2.46 percent rise in iron ore prices, trading at $92.95 per ton. China is expected to cut lending rates to stimulate demand and counter deflationary pressures.

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China Iron Ore Imports Lift Global Iron Ore Trade …

According to the shipbroker, "demand has been poor everywhere except in Mainland China. Iron ore imports into Japan declined by -5.4% y-o-y in Jan-Dec 2023 to 94.9 mln t.

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Iron ore price set for 3rd weekly rise on China demand

The benchmark May iron ore on the Singapore Exchange was 0.13% higher at $118.45 a ton, as of 0728 GMT. The Dalian contract posted a weekly gain of 2% and the Singapore benchmark has risen 1.7% so ...

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Iron Ore Prices Rise as China Ramps Up Imports

Despite challenges in the housing market, iron ore imports into China continue to rise. Sectors like automotive and construction continue to drive steel production, thus fueling demand.

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Iron ore prices could reach $150 per ton in 2024

Next year, prices will also be supported by relatively limited supply. According to a research note by the Chinese financial company CICC, global maritime ore supplies could grow by 3.8% in 2024. But analysts add that demand outside of China is also growing, leading to competition. «Outside of China, iron ore demand is expected …

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China August iron ore imports slide on steel rout, soft demand …

China's iron ore imports in August fell 1.38% from July and slipped 4.73% from a year earlier, customs data showed on Tuesday, as falling steel prices and a gloomy demand outlook dampened buyers ...

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Sluggish iron ore supply response could hamper China's decarbonization

Stronger Chinese domestic iron ore production is also expected as high prices keep more high-cost supply in play, with 252 Mt of 62% Fe content equivalent output forecast for 2021. Indian iron ore exports to China — most of which are low-grade, below 58% Fe content — over recent years have helped fill shortages in the seaborne market.

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BIMCO: Iron ore shipments up 3.8% despite weak Chinese demand

A ccording to BIMCO, during the start of the year, Brazilian iron ore shipments typically slow down due to mining disruptions caused by heavy rainfall. However, this year conditions were better and Vale, a leading miner, increased output by 6% y/y, boosting shipments from Brazil. In the first quarter of 2024, global iron ore shipments …

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Chinese demand for iron ore up in 2013

The Baltic and International Maritime Council, the world's largest association of shipowners, forecast Chinese iron ore imports will grow at a rate of 7.5 percent in 2013 up from 6.4 percent in ...

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TRADE REVIEW: Chinese iron ore demand hinges on China's …

The Asian iron ore market is bracing for an uncertain second quarter, with spot prices for seaborne material plunging to an 11-month low and recovery hinging on a pickup in construction activity in China and restocking demand.

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Iron ore majors ramp up supply even as China faces …

The world's biggest iron ore producers are hurling plenty of dirt, adding tons of the steel-making commodity to the seaborne market even as top user China battles a demand-sapping property crisis.

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Iron ore price to exceed $100/t in 2024

The price of iron ore will exceed $100 per ton on average this year. This is the forecast of the British international commercial bank HSBC Holdings, Bloomberg reports. According to HSBC, the global market remains tense despite the real estate crisis in China, which worsens the outlook for steel demand in the country.

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