The Brazilian exports of iron ore, pellets excluded, reached 29.69 million mt in July, 12.4 percent more than in June, at an average FOB price 14.5 percent higher, $35.36/mt, according to the country’s ministry of development, industry and foreign trade, MDIC.
Asia was the top destination, 2.8 percent more than June, at 21.18 million mt, FOB $35.06/mt, of which 14.37 million mt to China at FOB $34.88/mt.
Shipments to Europe went up by 37 percent to 5.45 million mt at $36.10/mt, while shipments to the Middle East went up by 82 percent to 2.47 million mt at $36.92/mt and shipments to Latin American countries went up by 26 percent to 580,000mt at $33.51/mt, all FOB conditions.
Meanwhile, Brazil exported in July 4.32 million mt of pellets, 23 percent less than in July, at a FOB price 2.1 percent higher, $72.96/mt FOB.
The main destination was Asia, 2.06 million mt at $76.05/mt, of which 1.55 million mt to China at $80.88/mt, followed by Europe (1.36 million mt at $66.03/mt) and the Middle East (395,000 mt at $74.97/mt), while 170,000 mt of DRI grade pellets were shipped to Trinidad & Tobago at $72.61/mt, all FOB conditions.
In the Brazilian domestic market, sinter feed fines are sold at $39/mt, while BF grade pellets are sold at $79/mt, both CFR conditions.