Cargoes including iron ore shipments from AustraliaÂ’s Port Hedland have increased to China in last August. Hedland is worldÂ’s biggest bulk terminal. In August, exports totaled 27.4 million tonne from 26.6 million tonne in July and 22.8 million tonne a year earlier.
Shipments to China, the biggest buyer, were 22.3 million tonne from 20.4 million tonne the previous month and 16.7 million tonne in August 2012, according to data on the Hedland Port AuthorityÂ’s website.
In last August, ChinaÂ’s manufacturing resumed growth, indicating the worldÂ’s second-biggest economy is strengthening after a two quarter slowdown.
China will reach the governmentÂ’s 7.5 per cent growth target this year and maintain that pace in 2014. Strength in the iron ore price, which rose for a third month in August, suggests a mild rebound in China.
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