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Brazil iron ore exports to China in November up 2% on year to 19.91 mil mt

Sao Paulo — Brazilian iron ore exports to China in November totaled 19.91 million mt, up 2% above year on year, ministry of trade and development data showed Wednesday.

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China accounted for 59% of Brazil's 33.96 million mt of total ore exports in November.

The sales value of the shipments to China was $995 million FOB, up 24% from November 2017, as the average price increased to $49.93/mt FOB from $40.84/mt FOB.

Malaysia received the second-largest volume of exports at 2.34 million mt, an increase of 60%, while the sales value rose 85% to $114 million.

--Jose Guerra, jose.guerra@spglobal.com

--Edited by Dan Lalor, newsdesk@spglobal.com

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