Recent trade statistics released by Brazil Customs show that the country has exported around 33.79 MnT iron ore in Jun’17.
Brazil iron ore export have seen a marginal increase of 4% for the first half the year compared to a year ago and it stood at 184 MnT against 177.3 MnT between Jan’16 To Jun’16. The exports country has increased Q-o-Q as well by 2% where it was 93 MnT in Q2 over 91 MnT in Q1 in CY17.
The exports have gone up by 16% Y-o-Y for the month of June which were at 29.02 MnT in Jun’16. However the iron ore exports from Brazil were down by 4% compared to the quantity of 35.11 MnT in May’17.
Monthly average iron ore export price falls further by 14%
The average export price for Brazilian iron ore continued to fall in Jun’17 and was around USD 40.4/MT, FoB Brazil, down by USD 7/MT from May’17 as it was USD 47/MT, FoB Brazil. However, on Y-o-Y basis, average export prices rose by USD 3/MT against USD 37.3/MT, FoB Brazil in Jun’16.
Vale accounted for 85% share in Brazilian iron ore exports in Jun’17
According to data provided by Inchcape Shipping Services, Brazil, – the country exported 33.79 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 Jun’17, the miner exported 28.84 MnT iron ore via sea route, CSN – 2.51 MnT, Anglo American – 1.61 MnT and Trafiguara – 0.83 MnT.
| Destination |
Vale |
CSN |
Anglo American |
Trafigura |
Grand Total |
| China |
18.56 |
1.62 |
0.79 |
0.67 |
21.64 |
| Japan |
1.59 |
0.00 |
0.00 |
0.00 |
1.59 |
| Netherlands |
1.48 |
0.00 |
0.00 |
0.00 |
1.48 |
| Oman |
0.90 |
0.00 |
0.00 |
0.00 |
0.90 |
| South Korea |
0.43 |
0.19 |
0.00 |
0.00 |
0.62 |
| Philippines |
0.59 |
0.00 |
0.00 |
0.00 |
0.59 |
| Others |
5.29 |
0.70 |
0.82 |
0.16 |
6.97 |
| Total |
28.84 |
2.51 |
1.61 |
0.83 |
33.79 |
Quantity in MnT
Source: Inchcape Shipping Services, Brazil
Provisional Data
China, the largest iron ore importer of Brazilian iron ore imported around 64% of total Brazilian iron ore exports in Jun’17 via sea route, followed by Japan, Netherlands and Oman.
Ponta Da Madeira accounted for 43% share in Jun’17 Brazil iron ore exports – 14.61 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 |
14.61 |
| Tubarao Port |
8.49 |
| Guaiba Port |
3.92 |
| Itaguai Port |
2.51 |
| CPBS |
1.75 |
| Acu Port |
1.61 |
| Sudeste Port |
0.83 |
| Pecem Port |
0.08 |
| Grand Total |
33.79 |
Quantity in MnT
Source: Inchcape Shipping Services, Brazil
Provisional Data
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