Australian iron ore exports have rebounded sharply after Tropical Cyclone Narelle, rising +13% WoW to a seasonal weekly record of 18.9Mt (+2.5% YoY).
Weekly bauxite loadings reached a new record
Global bauxite loadings are running at record pace despite weak economics and geopolitical noise.
Simandou the rising star of Guinea
Simandou, the rising star of Guinea, is ramping up, but exports are lagging.
Sharp slowdown of China’s electric-arc furnace output at the start of 2026
China’s Electric-Arc Furnace (EAF) steel output fell -24.4% YoY to 11.0Mt in Feb’26, underperforming the broader market as weak margins and soft demand persisted.
Coal imports in China are mirroring Indonesian coal exports
China’s coal imports started 2026 on a mixed note. Feb’26 imports declined -10% YoY to 30.9Mt, as stronger renewable generation and…
Monitoring the de facto closure of Hormuz Strait
After the US–Israeli air strikes on Iran this weekend, Middle East tensions escalated into open conflict.
Strait of Hormuz escalation: tankers and dry bulk in focus
Strait of Hormuz tensions are lifting freight risk across tankers and dry bulk with duration deciding the macro outcome.
2026: a decade-high in bulk deliveries
Bulk carrier deliveries in Cal’26 are set to hit their highest level since 2012, signalling a cyclical peak in fleet expansion.
Iron ore prices dipping to a 5-year seasonal low
With Western Australian ports/mines still unscathed, no lasting impact from Cyclone Mitchell (2 weeks ago) and this week’s…
Policy-driven supply constraints weigh on Indonesia’s coal exports
Indonesia’s coal exports have started Cal’26 on the back foot, with shipments so far at ~70Mt, down -31% YoY from 101Mt in the same Cal’25 period.
Australian coal loadings surge as Indonesian supply uncertainty grows
Australian weekly coal loadings rebounded to 6.9Mt as of 01-Feb, up +24% YoY and the highest for this…
VLOC deliveries return in 2026 after long pause
In the VLOC segment, after several years without newbuilding deliveries and a stagnant fleet profile, deliveries are set to resume in 2026, signalling a return to fleet expansion.
China steel output falls as supply imbalance grows
In Dec’25, China’s blast-furnace iron output fell further by -9.9% or -2.6% MoM to 60.7Mt, marking a seventh consecutive monthly decline.
China’s steel exports conclude record high in 2025
China’s steel exports surged to a record 11.3 Mt in Dec’25, lifting Cal’25 shipments to an all-time high of 119 Mt (+7% YoY), as mills and traders aggressively pushed volumes overseas at year-end.
Power consumption in China sets for a new record year in 2025
China’s power generation continued to expand through 2025, repeatedly setting new seasonal records.
Strong arrivals, soft demand: China’s iron ore paradox in 2025
In Nov’25, China’s iron ore imports rose +8.5% YoY to 110.5Mt, marking a third straight month at seasonal record levels and…
India’s iron-ore exports rebound as export-duty hike is deferre
India’s weekly iron ore loadings jumped to 1.7Mt, the highest since Feb ’24, after the government deferred the 20–30% export duty on low-grade ore.
China iron ore inventories at ports are building up
Last week, iron ore inventories at Chinese ports held at 139.6Mt, up +4.7% MoM but still -7.4% YoY, leaving room for a further 10–25Mt of restocking before returning to past highs.
China steel output hits multi-year lows in Oct’25
China’s crude steel output slipped to 72 Mt in Oct’25, one of its weakest readings since 2021 and…
From Capesize to Panamax: changing patterns in coal trade flows
In Jan–Oct’25, global coal ton-miles fell -9% YoY to 5.4 trillion, with Capesize market share dropping to a record low of 26% (-5% YoY), while Panamax…