Iron ore quotes keep growing in China despite steadily low demand. Prices are supported by improved economic forecasts and concerns about possible shortage of imported iron ore (the Australian Mining and Energy Union said train drivers at BHP Group’s iron ore assets were preparing for strikes).
About 11,480 wagons with various goods were found waiting for a transfer through Ukraine’s western land border crossing points on November 1 compared with 11,600 wagons in late October.
Prices for imported iron ore have risen in China mainly due to decreasing stockpiles of the raw material in local ports. Thus, iron ore stockpiles shrank by 250,000 t to 104.9 million t over the week, so now it is the lowest level in the past five years.
Up to 250 wagons were transferred daily through the Chop – Čierna nad Tisou land border crossing point as of October 26 (down 41 units in two weeks). In particular, 223 wagons were moving on export routes (down 35 units), while 27 wagons arrived with imported goods (down 6 wagons).
Approximately 534 wagons were reportedly heading to the Batiovo – Epereshke land border crossing point on October 30, including 99 wagons with ore, 113 wagons with grain and 106 wagons with vegetable oil.
About 11,600 wagons with various goods were found waiting for a transfer through Ukraine’s western land border crossing points on October 25 compared with nearly 11,100 wagons in late September.
Starting from October 28, transportation of ore, slag and ash (HS 26) from Ukrainian stations via the Izov-Exp border crossing (PKP) to the Slawkow LHS station in Poland for Arcelor Mittal Polska is prohibited.
According to results of the January-September period 2023, the cargo turnover reached almost 27 million tonnes at the ports of Szczecin and Swinoujscie, showing a 1% increase compared with the same period of 2022.
Up to 291 wagons were transferred daily through the Chop – Čierna nad Tisou land border crossing point as of October 12 (down 18 units compared with the previous week). In particular, 258 wagons were moving on export routes (down 20 units), while 33 wagons arrived with imported goods (up 2 wagons).