CAPITAL MARKETS

Port Hedland exports still rising

PORT Hedland’s iron ore exports rose through March as the spot price continued to plummet.

Andrew Duffy
Port Hedland exports still rising

New data from the Pilbara Ports Authority showed iron ore exports for the key terminal totalled 36.6 million tonnes last month, an increase of 2.1Mt or 6% on the same time last year.

Total throughput was up 1.9Mt or 5% to 37.1Mt.

The figures came as the 62% spot price fell further to $US47.08 ($A61.36) a tonne, with the 58% price slipping to $40.57/t.

Port Hedland is the main export terminal for BHP Billiton, Fortescue Metals Group and a host of smaller miners.

It’s also the main port for Atlas Iron, which went into a trading halt today after falling prices forced it to undertake a company-wide review.

Elsewhere in the Pilbara, the Port of Dampier delivered March monthly throughput of 13.1Mt, a decrease of 1.5Mt or 11% from the previous year.

Imports totalled 64,000t, an increase of 20,000t or 45% from the same month in 2014.

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