Recent trade statistics released by Brazil 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 Jul’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’17 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 Inchcape 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 Aug’17, 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.
| Country |
VALE |
CSN |
ANGLO AMERICAN |
TRAFIGURA |
Grand Total |
| China |
16.74 |
2.12 |
1.17 |
0.00 |
20.02 |
| Netherlands |
1.73 |
0.17 |
0.00 |
0.00 |
1.91 |
| Japan |
0.89 |
0.36 |
0.18 |
0.00 |
1.43 |
| Malaysia |
1.14 |
0.00 |
0.00 |
0.00 |
1.14 |
| Oman |
0.95 |
0.00 |
0.00 |
0.00 |
0.95 |
| South Korea |
0.54 |
0.19 |
0.00 |
0.00 |
0.73 |
| Others |
5.19 |
0.52 |
0.00 |
0.17 |
5.88 |
| Grand Total |
27.18 |
3.37 |
1.34 |
0.17 |
32.1 |
Quantity in MnT
Source: Inchcape Shipping Services, Brazil
Provisional Data
China, the largest iron ore importer of Brazilian iron ore imported around 62% of total Brazilian iron ore exports in Aug’17 via sea route, followed by Netherlands, Japan and Malaysia.
Ponta Da Madeira accounted for 42% share in Aug’17 Brazil iron ore exports – 13.48 MnT iron ore was exported from Brazil’s Ponta Da Madeira. Other major ports for Brazilian iron ore export were Tubarao port and Guaiba port.
| Port |
Quantity |
| Ponta Da Maderia | 13.48 |
| Tubarao Port | 8.05 |
| Guaiba Port | 3.86 |
| Itaguai Port | 3.37 |
| CPBS | 1.71 |
| Acu Port | 1.34 |
| Sudeste Port | 0.17 |
| Pecem Port | 0.08 |
| Grand Total | 32.1 |
Quantity in MnT
Source: Inchcape Shipping Services, Brazil
Provisional Data
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