Commodities Buzz: Iron ore shipments to China from Australias Port Hedland terminal in May rose 2.4 percent

Iron ore shipments to China from Australias Port Hedland terminal in May rose 2.4 percent from a month earlier to 37 million tonnes, latest port data showed. Iron ore shipments to China in April stood at 36.1 million tonnes.

Overall iron ore shipments from the worlds biggest export terminal rose to 45 million tonnes in May from 42.6 million tonnes in the previous month, the Pilbara Ports Authority said. Port Hedland is used by three of Australias top four iron ore miners – BHP Billiton , Fortescue Metals Group and Gina Rineharts Hancock Prospecting.