… partly recovered +1.3Mt WoW to 14.5Mt/week last week. However, they have remained under the 17-20Mt/week range seen before the disruption. At 105$/t, iron ore prices remain in a wait-and-see mode, while the vessel queue has grown to 87 ships, +25 more compared to the week before the cyclone.
For further insights and market impacts, contact: [email protected].