Australian iron ore exports rebound to seasonal weekly record

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).

Volumes have nearly doubled versus 2 weeks earlier, highlighting the speed of recovery post-disruption.

Prices remain resilient, with Year-to-Date averages up +1.2% YoY, despite softer consumption and rising inventories in China during 1Q’26.

So far in 2026, Australian shipments have increased +4.8% (+12Mt), outperforming global supply growth of +2.7% (+13Mt). Australia accounts for 97% of the net increase, reinforcing its dominant role in seaborne iron ore supply.

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