The world’s largest iron ore terminal shipped 37.4mt last month versus the 36.1mt seen in July and 27.4mt a year earlier.

China was the main driver with August shipments from Port Hedland reaching over 32mt. This compares with 30.6mt in July and 22.3mt in 2013.

Iron ore prices are down 35% this year as producers expand output, pushing the market into oversupply.

Exports