… recovering from earlier port slowdowns to reach a 5-year seasonal high of 9.3 Mt last week — the highest since end-Aug’25.
The surge reflects renewed Chinese restocking and possibly a rush to ship ahead of Simandou’s first cargoes, expected in Nov’25.
Year-to-date loadings stand at 323.5 Mt (+4% YoY), putting Brazil on track for a record finish in Cal’25. For further insights, contact research@IfchorGalbraiths.com.