Do More With Reuters
Partner Services

Spot iron ore fixtures to China down in early Nov

Fri Nov 20, 2009 11:17am IST
 
Email | Print | | Single Page
[-] Text [+]

* Reported iron ore fixtures to China at 18 in first half Nov

* Ten vessels booked from Australia, eight from Brazil

* here

SINGAPORE, Nov 20 (Reuters) - Reported spot iron ore vessel bookings to China from the world's two biggest exporters, Australia and Brazil, fell to 18 in the first half of November from 21 in the same period last month.

Vessel bookings from Australia, the biggest iron ore seller to China, fell by half to 10 between November 1 and November 15, according to data specialist AXSMarine.

Fixtures from Brazil to China stood at 8 versus 1 in the first half of October.

The AXSMarine data only captures a portion of the global seaborne iron ore trade, worth $88 billion and dominated by Brazil and Australiam but the data shows 2.8 million tonnes of spot iron ore was booked for China in the period,

For the whole of October, the data showed some 12.65 million tonnes booked and 6.1 million in September.

China's trade data showed total iron ore imports of 45.47 million tonnes in October and 64.55 million tonnes in September. (Reporting by Nick Trevethan; Editing by Clarence Fernandez)

Construction workers work at a site as the sun sets in Chandigarh in this December 2006 file photo. REUTERS/Ajay Verma
Economy seen growing at 7.2 pct in FY10 - govt

The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget.  Full Article 

A Greek flag at the Bank of Greece is seen near a statue of ancient philosopher Socrates in Athens February 5, 2010.  REUTERS/Yiorgos Karahalis/Files
Greek crisis sets euro zone enlargement back

The Greek debt crisis has dealt a setback to prospects of enlarging the euro zone by highlighting the difficulties of managing the single currency area.  Full Article 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives
Greece's Finance Minister Papaconstantinou addresses reporters during a news conference in Athens, January 20, 2010.
Eurozone agreed in principle to aid Greece

Euro zone countries have decided in principle to help debt-stricken Greece, a senior German ruling coalition source said.  Full Article 

FROM THE MARKETS

After the Bell
After the Bell

Reuters Money's Kshitij Anand updates you on the movers and shakers of the Indian stock market.  Blog 

SHOWCASE

"Claw Back" Pay
"Claw Back" Pay

Banks and regulators hope that threats to "claw back" pay if trades later blow up will rein in risk taking on Wall Street.  Full Article 

 
James Saft
Blaming Asperger's

COLUMN - Did Asperger's help cause the financial crisis?  Full Article 

 
Going Global
Going Global

With Volvo, Chinese eye M&A abroad to win at home.  Full Article 

 
Delivery Woes
Delivery Woes

Boeing 787 delivery schedule could slip - experts.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage