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Mining News Pro - World`s second largest exporter of iron ore - Brazil has recorded 6% increase in export volumes to 33.90 MnT in Sep`18 as compared to Sep`17 exports at 31.93 MnT, according to trade statistics released by Brazil customs.
According to Mining News Pro -China accounts more than half of Brazilian iron ore exports, amidst stricter regulations in China, buyers are preferring low alumina high- grade Brazilian iron ore (Carajas fines) resulting in increased exports from Brazil. Besides, the winter production cuts have rendered increased preference of high grade ore in China.
However, on monthly basis, Iron ore export by Brazil witnessed marginal decline in Sep`18 as against 35.62 MnT in Aug`18.
Average iron ore prices up 13% in Sep`18
The average price of iron ore exported from Brazil for Sep`18 witnessed at USD 52/MT, increase of 13% on monthly basis as against USD 46.1/MT in Aug`18. Demand for high grade iron ore in China is expected to sustain amid China`s steel capacity cuts and stringent environmental norms. This will keep Brazilian iron ore prices supported.
The average price of iron ore in Sep`18 witnessed up by 3% on yearly basis as compared to USD 50.4/MT in Sep`17.
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https://www.miningnews.ir/En/News/276124
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