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Australian Iron Ore and Coal Exports Slow in October
Coal, Iron Ore
Australian iron ore exports retreated from a year-to-date high of 76.7 Mt (wet basis) in September to a still robust 74.2 Mt in October, up by 1.2 Mt year-on-year, the Australian Bureau of Statistics reports. At 716.2 Mt, exports in January-October were up by 19.5 Mt on the same period last year.
At 13.5 Mt, Australian coking coal exports in October dropped to the lowest level since April, when shipments were disrupted by Cyclone Debbie, down by 0.9 Mt year-on-year. A significant part of this decline can be attributed to berth maintenance at Hay Point which slowed shipments in the second half of October. By contrast, Australian steam coal exports (incl. anthracite) rose by 0.8 Mt to 16.7 Mt.