SMM

[SMM Monthly Shipping Data: Global Shipments Drop Significantly in April, While Port Arrivals Increase Slightly] In April 2025, SMM reported that the total global iron ore shipments reached 136.762 million mt, showing a slight decline of 9.4% MoM. Among them, South Africa and other non-mainstream countries experienced a significant drop, with South Africa's shipments decreasing by 14.5% MoM from March. Australia's shipments fell by 9.3%, while Brazil's shipments declined by a relatively small 4.5%. On a YoY basis, only Brazil's shipments increased, by 6.5%. Other countries saw a slight decline. In April 2025, SMM reported that China's total iron ore port arrivals reached 104.507 million mt, with a slight increase of 0.8% MoM. Ports with significant increases included Bayuquan Port and Jingtang Port. Ports with larger declines were Qingdao Port and Tianjin Xingang Port. On a YoY basis, port arrivals continued to decline slightly by 2.6%.