Recent trade statistics released by Brazil Customs show that Brazil has exported around 30.0 MnT iron ore in Oct’16. Iron ore exports decreased by 15% in Oct’16 against 35.3 MnT in Sept’16.
Brazilian iron ore export volumes also decreased by 12% Y-o-Y. In the first 10 months of 2016, the country exported 307.2 MnT iron ore, up by 2.6% as it was 299.2 MnT during the same period in 2015.
The average export price for Brazilian iron ore in Oct’16 was around USD 37/MT, FoB Brazil, down by USD 3.2/MT from Sept’16 as it was USD 40.2/MT, FoB Brazil. However, on Y-o-Y basis, average export prices rose by USD 4.7/MT against USD 33.2/MT, FoB Brazil in Oct’15.
According to data provided by Inchcape Shipping Services, Brazil, – the country exported 31.1 MnT iron ore via sea route. Vale, the world’s largest iron ore producer exports around 85% of iron ore via sea route. In Oct’16, the miners exported 26.81 MnT iron ore via sea route, CSN – 2.39 MnT, Anglo American – 1.39 MnT and Trafigura – 0.52 MnT.
China, the largest iron ore importer of Brazilian iron ore imported around 55% of total Brazilian exports in Oct’16, whereas Netherlands contributed 7.7%, Japan 7.6%, and Singapore contributed 5% via sea route.
Shipper-wise iron ore exports to different countries via sea route in Oct’16
|
Countries |
Vale |
CSN |
Anglo American |
Trafigura |
|
China |
13.3 |
1.06 |
0.69 |
0.34 |
|
Netherlands |
2.24 |
0.16 |
– | – |
|
Japan |
2.22 |
0.165 |
– | – |
|
Oman |
1.46 |
– | – | – |
|
Malaysia |
1.17 |
– | – | – |
|
USA |
0.8 |
– | – | – |
|
South Korea |
0.78 |
– | – | – |
|
Singapore |
0.73 |
0.49 |
0.175 |
0.17 |
|
India |
0.15 |
– |
0.17 |
– |
|
Others |
3.23 |
0.52 |
0.36 |
– |
|
Total |
26.08 |
2.39 |
1.39 |
0.51 |
Quantity in MnT
Source: Inchcape Shipping Services, Brazil
Provisional Data
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