Brazil exported 23.3 million mt of iron ore in January, down 5.6% from the 24.7 million mt registered in the first month of 2014, data from the country's Ministry of Development and Trade (MDIC) showed Monday.
In therms of value, however, Brazilian exports plunged to $1.19 billion from $2.48 billion in January 2014 due to a near halving in prices, which fell to $51.4/mt FOB, from $100.5/mt FOB.
Compared with December 2014, the country's iron ore exports fell 37.7% from 37.3 million mt. December's exports were worth $1.99 billion FOB at an average price of $53.3/mt.
Source: Platts
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