Iron ore exports from Brazil to China in January fell 30.7% to 9.62 million mt from the 13.94 million mt exported in the same month in 2014, Brazil's Ministry of Trade said Wednesday.
Sales values collapsed, falling 68.8% to $413.85 million, with Platts 62% Fe Iodex averaging $69.10/mt in January, compared with $129.90/mt in January 2014, CFR North China.
China accounted for 50% of Brazil's January iron ore shipments, MDIC said.
Compared to December, January's ore exports to China were down 52.9% and revenue fell 56%, from 20.51 million mt and $940.54 million FOB.
Japan was the second-largest market for Brazilian iron ore exports in January, buying 2.2 million mt, down 9.3% from January 2014's 2.43 million mt.
Revenue on sales to Japan last month fell even further, at 59.1%, to $98.46 million FOB from the $240.86 million FOB realized a year ago, the ministry said.
January exports to Japan dropped 19.6% from December, while revenue declined 27.8%, from previous 2.74 million mt and $136.47 million FOB.
Source: Plattes
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