Brazil: Iron Ore Exports Up 10% in Oct`18
Mining News Pro - World`s second largest exporter of iron ore - Brazil has recorded 10% increase in export volumes to 37.2 MnT in Oct`18 as compared to Sep`18 exports at 33.90 MnT, according to trade statistics released by Brazil customs.
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According to Mining News Pro -World`s second largest exporter of iron ore - Brazil has recorded 10% increase in export volumes to 37.2 MnT in Oct`18 as compared to Sep`18 exports at 33.90 MnT, according to trade statistics released by Brazil customs.

Amidst uncertainty in winter production curbs , Chinese mills still prefers low alumina high- grade Brazilian iron ore (Carajas fines) resulting in increased exports from Brazil.

On yearly basis, Iron ore export by Brazil witnessed 6% rise in Oct`18 as against 35.3 MnT in Oct`17.

Average iron ore prices up 7% in Oct`18

The average price of iron ore exported from Brazil for Oct`18 witnessed at USD 55.7/MT, increase of 7% on monthly basis as against USD 52/MT in Sep`18. Demand for high grade iron ore in China is expected to sustain amid China`s steel capacity cuts and stringent environmental norms.

The average price of iron ore in Oct`18 witnessed stable as compared to Oct`17 price at USD 55.9/MT.

 


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