Brazil's March iron ore exports to China rise 4% year on year: government

Chemical News: Brazil's March iron ore exports to China rise 4% year on year: government

https://www.chemnet.com Apr 17,2014 Platts
Brazil's iron oil exports to China in March rose to 12.1 million mt, 4% above the 11.6 million mt exported to that country in March 2013, Secex, Brazil's foreign trade secretary, said in data released Wednesday.

The exports had a total value of US$1.07 billion FOB, down 13% from $1.2 billion a year ago.

China bought half of Brazil's total iron ore exports last month and March exports to China were 1% higher than February's export total of 11.9 million mt.

South Korea was the second-largest buyer of Brazilian iron ore in March, accounting for 1.6 million mt, more than twice the 754,637 mt it bought in March 2013.

Sales revenue from South Korea increased 101% last month, to $163.2 million FOB, from $81.1 million FOB one year ago.

March exports to South Korea also were 84% above February's 882,372 mt.

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