REBOUNDING IRON ORE EXPORTS
Marsoft’s analysts comment:
Iron ore exports from the world’s two leading exporters are rebounding from their lows in March/April. However Brazilian supplies are still some 20% below their previous peak, and the difference in tonne-miles is even larger as shown in the chart below.
For further information on Marsoft’s market outlook, including the potential impact of the continuing Sino-US trade dispute on the shipping markets, please contact one of our offices at www.marsoft.com .