SAO PAULO: Brazil exported 17.58 million mt of iron ore to China in October, down 6.2% year on year, the trade ministry said Friday. However the value of the ore shipped to China rose 1.1% to $612 million FOB, with an average price of $34.81/mt FOB, up from $32.28/mt in October 2015.
China took 59% of the 30.01 million mt of iron ore Brazil exported in October, the ministry said. Japan received the second largest volume, with shipments of 1.97 million mt in October, 10.3% lower than October 2015’s 2.2 million mt. The value of Brazilian iron ore exports to Japan decreased 12.2% to $78.7 million FOB.