Recent trade statistics released by Brzil Customs show that the country has exported around 32.1 MnT iron ore in Aug’17.
Brazil iron ore exports were up by 1% M-o-M against 31.8 MnT in July’ 17.
However the exports were down by 7% Y-o-Y for the month of Aug which were at 34.5 MnT in Aug’16 as per the SteelMint Research.
Monthly average iron ore export price up by 4%.
The average export price for Brazilian iron ore was up in Aug’16 and was around USD 39.1/MT, FoB Brazil, up by USD 1.5/MT from Jul’17 as it was USD 37.6/MT, FoB Brazil.
However Y-o-Y, average export prices rose by USD 2.7/MT against USD 36.4/MT, FOB Brazil in Aug’ 16.
Vale accounted for 85% share in Brazilian iron ore exports in Aug’17.
According to data provided by lachcape Shipping Services, Brazil, – the country exported 34.13 MnT iron ore via sea route.
Vale, the world’s largest iron ore producer exported around 85% of iron ore via sea route of the total exports.
In Aug17, the miner exported 27.2 MnT iron ore via sea route, CSN – 3.4 MnT, Anglo American – 1.3 MnT and Trafiguara – 0.2 MnT.
Source Steel Mint powered by Keyvan Jafari Tehrani (JTC)
