Zhong Xin Qi Huo·2025-09-04 08:18Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Report's Core View - The total global iron ore shipping volume this period was 3657 (+24) million tons. Specifically, Australia's shipping volume decreased quarter - on - quarter, while Brazil and non - mainstream countries' shipping volume increased quarter - on - quarter. The domestic ore arrival volume was 2526 (+133) million tons, as the ore from the previous shipping peak period arrived successively [2]. 3. Summary According to Relevant Catalog Global Shipping Volume - On August 29, 2025, the global shipping volume was 3556.8 million tons, with a quarter - on - quarter increase of 241 million tons and a year - on - year increase of 107.9 million tons [3]. Shipping Volume by Region - Australia: On August 29, 2025, the shipping volume was 1811.5 million tons, with a quarter - on - quarter decrease of 69.5 million tons and a year - on - year decrease of 24.6 million tons. Rio Tinto and non - mainstream mines decreased quarter - on - quarter, FMG's shipping volume slightly decreased, and BHP's shipping volume increased. Overall, Australia's shipping volume decreased [2][3]. - Brazil: On August 29, 2025, the shipping volume was 996.6 million tons, with a quarter - on - quarter increase of 184.9 million tons and a year - on - year decrease of 62.4 million tons. Vale's shipping volume increased quarter - on - quarter, while non - mainstream mines decreased [2][3]. - Non - mainstream countries: The shipping volume increased quarter - on - quarter [2]. Shipping Volume by Major Mines - Rio Tinto: On August 29, 2025, the global shipping volume was 611 million tons, with a quarter - on - quarter decrease of 114.1 million tons and a year - on - year decrease of 4.2 million tons; the shipping volume to China was 472.1 million tons, with a quarter - on - quarter decrease of 124.5 million tons and a year - on - year decrease of 31.8 million tons [3]. - BHP: On August 29, 2025, the global shipping volume was 522.7 million tons, with a quarter - on - quarter increase of 61.6 million tons and a year - on - year decrease of 49.5 million tons; the shipping volume to China was 447.4 million tons, with a quarter - on - quarter increase of 62 million tons and a year - on - year decrease of 31.8 million tons [3]. - FMG: On August 29, 2025, the global shipping volume was 435 million tons, with a quarter - on - quarter decrease of 0.4 million tons and a year - on - year increase of 60.9 million tons; the shipping volume to China was 388.7 million tons, with a quarter - on - quarter decrease of 28.1 million tons and a year - on - year increase of 70.9 million tons [3]. - Vale: On August 29, 2025, the global shipping volume was 803.7 million tons, with a quarter - on - quarter increase of 230.8 million tons and a year - on - year increase of 18.6 million tons [3]. Domestic Ore Arrival Volume - On August 29, 2025, the domestic ore arrival volume was 2526 million tons, with a quarter - on - quarter increase of 132.7 million tons and a year - on - year increase of 316.8 million tons [3]. Shipping Ratio to China from Australia - On August 29, 2025, the ratio of Australia's shipping volume to China was 0.801, with a quarter - on - quarter decrease of 0.081 and a year - on - year increase of 0.01 [3].