Chinese ports impose extra fees on Indian iron ore for Covid-19 checks

Some Chinese ports have made stricter checks or have imposed extra fees on iron ore cargoes from India recently, the better to prevent the spread of the Covid-19 pandemic, market sources have told Fastmarkets.

The Group of Rizhao Port in eastern China published a notice early this week that it would charge a port fee of 5 yuan ($0.77) per tonne on India-origin iron ore from May 12, for the purposes of Covid-19 pandemic prevention, at Rizhao port and Lanshan port. Lanqiao port also added an extra port fee on Indian iron ore in vessels of 160,000-200,000 tonnes, based on negotiation, at a level around 4-5 yuan per tonne, market sources said. “The extra port...

Published

Alice Li

May 14, 2021

12:20 GMT

Shanghai