Australia's iron ore exports registered a month-on-month fall of 13% or 10.4 million tonnes in January 2021, as Port Hedland cleared large vessels due to Cyclone Lucas concerns.
Compared with strong exports in December 2020, iron ore exports in January were down by 7% or A$963 million.
The country's total export value fell 9% or A$3 million in January, Australian Bureau of Statistics (ABS) data showed on February 23. But ABS noted that the decline in export quantity was partly offset by robust iron ore prices.
Iron ore prices were up by 7% per tonne in January with strong demand from China and weaker-than-expected production in Brazil's largest iron ore mine.
Coal exports in January also dipped down by 8% or A$277 million, ABS data showed. This was mainly owing to falling exports to Australian three largest coal destinations—Japan, India and South Korea. The decline in hard coking coal exports was the main cause of the fall in total coal exports.
ABS said the increase in thermal coal and natural gas exports reduced the loss in falling coal exports. Natural gas exports in January rose 9% or A$ 249 million on the month, data showed.
(Writing by Rebecca Liu Editing by Harry Huo)
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